This chapter explores the outsourced workout model in the direct lending industry, highlighting its importance in resolving default credits, preserving asset value, and aligning incentives. It also delves into the role of third-party advisors and their potential transition into a principal role in certain outcomes.
Reorg’s Patrick Fitzgerald talks to Richard J. Shinder, founder and managing partner of Theatine Partners about the state of direct lending in the U.S. and whether direct lenders are adequately prepared to work out problem credits in the #distressed cycle that may very well be approaching.
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