How Private Credit Thinks About Distressed Opportunities vs. How Advisors Think About Restructuring

Laayla’s Fieldnotes frames distressed private credit and restructuring advisory as two sides of the same stressed-capital coin: investors look for control, collateral and optionality in broken situations, while advisors try to preserve enterprise value, manage stakeholders and keep the process from spiralling, making 2026 a market where the best opportunities will belong to those who understand both the return math and the restructuring mechanics.

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