Why the rise of special situations matters for real estate credit investors
According to Preqin, special situations funds have now overtaken distressed debt in AUM for the first time since the Global Financial Crisis. It’s a subtle but important shift — and one we at Zenzic are watching closely. 📊 Why the shift?🔹 Median IRR of 8% since 2014🔹 45% of LPs prefer special situations, vs 31% for distressed🔹 Mezzanine debt … Read more