'Creditor Violence Is ‘Just Capitalism at Work,’ Sculptor CIO Says'

 

• Alternative asset manager finds debt restructuring opportunity
• Firm also sees growth in the asset-based finance space

Providing fresh capital to companies restructuring their debt has been “the best opportunity in the corporate credit market over the last year or two”, according to Sculptor Capital Management’s Chief Investment Officer Jimmy Levin.

Liability management exercises, where companies get controversial financings that prioritize newer creditors over their existing ones, have become more common over the last decade. To Levin, who’s also Sculptor’s executive managing partner, it’s “just capitalism at work.”

https://www.bloomberg.com/news/articles/2024-09-05/sculptor-cio-says-creditor-violence-is-just-capitalism-at-work