TY - JOUR T1 - The Changing Shape of Distressed Financing: <em>Trends Driving the Evolution of a Market</em> JF - The Journal of Private Equity SP - 73 LP - 80 DO - 10.3905/JPE.2009.12.3.073 VL - 12 IS - 3 AU - David L Johnson Y1 - 2009/05/31 UR - https://pm-research.com/content/12/3/73.abstract N2 - 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 ER -