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The corner of the private equity sector focused on distressed investment opportunities has a considerable amount of cash on the sidelines. Distressed debt funds lead the private equity industry in terms of dry powder, followed by special situation and turnaround funds, according to alternative investment research firm Preqin.

Though global dry powder has fallen from its worldwide high of $59.9 billion in December 2007, its January 2010 level of $42.5 billion is still far above the $18.7 billion reached in December 2004. This does represent a decline of 29% from the 2007 peak, but the dry powder levels remain robust.

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Private Equity Dry Powder Off by a Third, Distressed Debt Leads originally appeared on BloggingStocks on Mon, 15 Feb 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CrestviewPartnersdistressed debtDistressed investmentsinthenewsOakTreeOaktree CapitalPreqinprivate equity firmprivate equity fundsprivate equity industryturnaroundturnaroundsMon, 15 Feb 2010 13:30:00 EST<![CDATA[Blackstone's GSO bails on Asia]]>http://www.bloggingstocks.com/2009/01/14/blackstones-gso-bails-on-asia/http://www.bloggingstocks.com/2009/01/14/blackstones-gso-bails-on-asia/http://www.bloggingstocks.com/2009/01/14/blackstones-gso-bails-on-asia/#commentsFiled under: , ,

A few years ago, hedge funds saw tremendous opportunity in Asia. But, of course, the industry is now in a funk. In some cases, hedge funds are just trying to survive.

One of the major hedge funds that moved into Asia is GSO Capital Partners LP. The fund, which is an affiliate of the Blackstone Group (NYSE: BX), has about $25 billion in assets.

This week GSO is apparently pulling the plug on its Asia investment desk after only about five months in operation. Simply put, there aren't many bargains in the market.

Keep in mind that GSO focuses on distressed investments, and for the most part, Asia has fared relatively well.
Instead, the wreckage is mostly in the U.S. and Europe.

In a way, this is a negative thing, but there is a silver lining: the "smart money" sees good deals in the US. Ultimately, with more money coming into these investments, it could spark the beginnings of a comeback, especially in the debt markets.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Streetsmart Guide to Short Selling: Techniques the Pros Use to Profit in Any Market. He is also the founder of BizEquity, a valuation website.

Blackstone's GSO bails on Asia originally appeared on BloggingStocks on Wed, 14 Jan 2009 09:43:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>blackstonebxDistressed investmentsDistressedInvestmentsgsoHedge FundsHedgeFundsinthenewsWed, 14 Jan 2009 09:43:00 EST