Sycamore Tree's Trey Parker, Market Recap, 3M and Cineworld: State of Distressed Debt
FICC Focus
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Do You See the World Is Two Ways?
I'm just curious how you see the world there. As early in the large cap space, and the advisers and lawyers tend to make more than the investors during those periods of distress. It'll be nteresting to see. And we haven't seen a real distress cycle since the direct lending industry has come of age post-g f c a. How much more coordinated and efficient those turning ot of those structuoing situations are? I think theye'll be right. A lot more self help, a lot more consentual deals between sponsors and indirect lenders such that there's not this massive sucking sound or leakage from friction cost for smaller mid cap deals.
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