Curated material for credit, restructuring, and market context

This page is designed to be useful, not bloated. Start with the core primers, then keep up with the newsletters, memos, and podcasts that shape the market conversation.

Library

Credit & Restructuring Resources

Foundational material for interview prep, loan market mechanics, private credit, and restructuring casework.

Restructuring Interviews

Technical interview prep focused on restructuring, distressed, and special situations recruiting.

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LCD Leveraged Loan Primer

Strong primer on syndicated loans, market mechanics, covenants, pricing, and post-launch loan behavior.

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Houlihan Lokey Case Study

Distressed M&A case study on buying and selling the troubled company, useful for process and restructuring context.

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Ares Private Credit Guide

Broad overview of direct lending, market development, portfolio role, and risk/return characteristics.

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Library

News & Market Reading

Ongoing reading list for staying current on restructurings, credit dislocations, direct lending, and broader private credit markets.

PETITION

Distressed investing, restructuring, and bankruptcy-focused newsletter.

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Pari Passu

Restructuring, credit, and distressed debt newsletter with market-focused writeups.

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Howard Marks Memos

Oaktree's archive of Howard Marks memos on markets, cycles, risk, and investor behavior.

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The HPScast

HPS Investment Partners' podcast covering firm perspectives, partners, and broader investing conversations.

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The Credit Clubhouse

Podcast covering structured credit, direct lending, asset-based finance, and related markets.

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How to Use This Page

A simple reading flow

1. Build the base

Start with the loan primer, Ares guide, and restructuring interview material.

2. Add case intuition

Use the Houlihan Lokey case study to build process intuition around distressed situations.

3. Stay current

Follow the newsletters, memos, and podcasts to keep a live sense of the market.