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Opportunities to invest in distressed debt typically arise as a result of a lowering of credit standards and the resultant unwise extension of credit, followed by the onset of economic weakness.
The Praedium team has a long history of investing in the debt of financially distressed companies. Our approach seeks to combine protection against loss, which generally comes from buying claims on assets at bargain prices, with the substantial gains to be achieved by returning companies to financial viability through restructuring. |