Widely regarded as among the best in the market, we are involved in more than 1,000 claims trading transactions each year.
We are a pre-eminent firm in the field of claims trading and distressed investments. Each year, we serve more than 40 US and international hedge funds clients as well as investment banks, commercial banks and other investors, facilitating transactions involving billions of dollars of bank debt, trade claims, litigation funding claims, tax liens and privately traded securities of troubled companies.
We are highly responsive and commercial in our approach to advising clients on the purchase and sale of securities and claims in distressed circumstances. Our experience in this market is unsurpassed. We have been there since the beginning, working with the Loan Syndications and Trading Association, claims agents and other market participants on settlement operations. In addition, we advise clients on trading issues including compliance with applicable securities laws and the use of “big boy” letters. We continue to lead the market in innovation today.
Our most notable recent transactions have involved investments in FTX, SAS, Yellow Trucking, Cineworld, PDVSA, Credit Suisse AT1 Bonds, Visa/Mastercard Enviva, Bausch Health, Dynata, Mallinckrodt, Envision, Travelport and Bernard L. Madoff Investment Securities.
Our team assesses complex capital structures and works with clients to develop value-maximizing strategies through debt or equity investments. We analyze indentures, credit agreements, co-op and intercreditor agreements to determine our clients’ rights and to best position them to make or exit investments.
