Nothing short of X-traordinary — How one of Wall Street’s hung LBO financings became a winning trade

Restructuring veteran Charles Noel-Johnson dies at 50

Prominent restructuring banker Charles Noel-Johnson passed away earlier this month at 50. A well-known market veteran, Noel-Johnson was Lazard’s managing director and co-head of Europe restructuring and liability management, based in London.

9Questions — James Charalambides, Adams Street Partners — Setting sights on Europe

9Questions is our Q&A series featuring key decision-makers in the corporate credit markets — get in touch if you know who we should be talking to! In recent years, Europe has become more than just a popular holiday destination for Americans wanting a ‘Eurosummer’ — it has also become the new hunting ground for direct lenders seeking better pricing and less competition.

Escaped kids, hidden abuse — What happens when private equity enrolls in daycare?

In April 2025, Jake Stokes was picking up his five-year-old son from his KinderCare Education daycare center in Fort Wright, Kentucky, when a teacher pulled him aside. His son had been involved in a minor altercation with another child, but the staff assured him the boy was OK.

'Operation Royal Crown' — How a DQ list left Bank of America holding an unsettled trade

Two of distressed debt’s largest institutions are appearing at a hearing in a New York state court on Monday, 29 June to determine the scope of a trial that could transform the way DQ lists are enforced. It started like any other trade. Andrew Van Orden, a distressed trader at Bank of America, joined a Bloomberg chat in September 2021 with a single word: “yo.” Ethan Auerbach, a portfolio manager at the alternative asset manager Black Diamond Capital Management, replied within a few seconds: “Lmk how operation royal crown goes.”

European IG Wrap — NTT bucks the trend as issuance begins to tail off

LatAm Weekly — Canacol scores a win in Alberta, and Braskem takes a turn for the worse