PT  - JOURNAL ARTICLE
AU  - David L Johnson
TI  - The Changing Shape of Distressed Financing: <em>Trends Driving the Evolution of a Market</em>
AID  - 10.3905/JPE.2009.12.3.073
DP  - 2009 May 31
TA  - The Journal of Private Equity
PG  - 73--80
VI  - 12
IP  - 3
4099  - https://pm-research.com/content/12/3/73.short
4100  - https://pm-research.com/content/12/3/73.full
AB  - In recent years a confluence of trends have become manifest in the distressed financing environment that are likely to substantially alter that market. Banks and commercial finance companies now face powerful incentives to more carefully monitor their credit risk. New market-based opportunities exist that will enable these traditional lenders to curtail exposure while simultaneously creating a more active role for alternative investment firms. Extrapolating from current trends, it is possible to discern the outlines of a fundamentally changed distressed financing market.TOPICS: Private equity, exchanges/markets/clearinghouses, credit risk management, credit default swaps