Defaults typically occur when the bond issuer or borrower is unable to pay interest or the principal sum to investors or lenders. Events of default are defined in terms and conditions of the transaction document. In case of defaults, the possible outcomes are debt restructuring, winding-up or judicial management. At Vistra, we provide services which involve covenant monitoring for identifying early stages of default; investor communication; and coordinating with external legal counsel for enforcing the security or any other legal action against the issuer or lender.
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Private debt is an enormously popular alternative investment asset, trailing only private equity and venture capital in volume. Financial analysts predict private debt assets under management will reach US$2.6 trillion by 2026.
Real Estate Fund Administration