Capital, Expertise, and Opportunism in LME Execution

The discussion turns to how firms with multiple capital vehicles — including CLOs, hedge funds, and distressed drawdown vehicles — can approach LMEs from both offensive and defensive angles. Panelists explain how proactive sponsor engagement, internal restructuring expertise, and the ability to deploy new money capital are key differentiators. The conversation also covers how tranche investors evaluate manager capabilities, including recovery track records and co-op group participation rates.