Interesting callout from a distressed debt shop, Glendon, the other day re: troubled PE companies creating a big opportunity for distressed debt investors. They said “the PE bubble is unraveling” “We see opportunities in the near-and-medium-term arising from an unprecedented backlog of PE related maturities that have to be worked out, particularly from the 2019 through 2022 vintages.” They’re talking their book but they previously traded Frontier, Talen Energy, Revlon and Intelsat in their prior fund