What Defines a Special Situations Deal?
Special situations are defined less by control or distress and more by flexible, bespoke capital solutions. These opportunities often arise when companies need additional runway, support value creation, or improve outcomes following an underwhelming sale or valuation process. In many cases, management teams want hybrid capital and an experienced partner to help execute growth or M&A strategies without over‑levering the business, highlighting that special situations frequently involve solving “good problems,” not distressed ones.
