Brigade Capital focused on loan space opportunity, sees private equity impact

• $30bn manager says private equity buyouts have left opportunities
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• Related: GCA sees rising yields and more defaults driving long/short credit

Brigade Capital Management, the $30bn alts manager, is focused on the loan space for opportunities this year after unexpected — and unhedged — moves in interest rates left some companies vulnerable.

Brigade is one of a few US firms with a European CLO platform. Speaking in London, co-chief investment officer Doug Pardon said the rise in private equity buyouts had contributed to the scale of the opportunity.