Jake Adlerstein Discusses Private Credit-Driven Restructurings in Turnarounds & Workouts

Capital solutions and restructuring partner Jake Adlerstein spoke with Turnarounds & Workouts about the impact of private credit on the restructuring landscape. In the article, “Private Credit Takes the Wheel,” published on August 31, Jake discusses how private credit has accelerated out-of-court workouts; how private credit funds have increasingly stepped in as lead creditor in complex situations; and how the involvement of private credit is impacting intercreditor conflicts.   
 
“Private credit has fundamentally reshaped how distressed situations unfold,” Jake says. Because these are deals with an identifiable lender group, “workouts can happen quietly and quickly—often entirely out of court—without the public glare of a syndicated process. That’s a genuine advantage for borrowers and lenders who want speed, certainty, and flexibility.”