On the distressed investing panel at The Deal's Fifth Annual Private Capital Symposium Raquel Palmer, a partner at KPS Special Situations, talked about how the distressed opportunities are unfolding differently in the current cycle than in prior downturns.
"In the last cycle, because the leveraged loan market was so frothy, we are seeing companies default with a lot more debt on them then in the previous cycle. I also think the players have completely changed," Palmer added.
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