RT Journal Article SR Electronic T1 The Changing Shape of Distressed Financing: Trends Driving the Evolution of a Market JF The Journal of Private Equity FD Institutional Investor Journals SP 73 OP 80 DO 10.3905/JPE.2009.12.3.073 VO 12 IS 3 A1 David L Johnson YR 2009 UL https://pm-research.com/content/12/3/73.abstract AB 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