Opportunistic Credit in Europe

The Opportunistic Credit proposition in Europe is, in our view, based around liquidity, or lack thereof, in European capital markets. Opportunistic credit does not require stress/distress (but can include it); instead it allows for superior returns for the provision of capital in constrained, complex or non-vanilla scenarios. In this respect the opportunity is more compelling than the US where capital is far more abundant and borrowers and lenders are not separated by differences in language, culture, legal system.