Fund management

Europe presents distressed debt opportunities

Gina Germano, partner at Goldbridge Capital Partners, says the European sovereign debt crisis is beginning to present significant opportunities in distressed debt as banks look to clean up their balance sheets. Europe is behind US in terms of non-bank institutional ownership of distressed debt, but Ms Germano expects this to change. Goldbridge is looking for 20 per cent or better in terms of yield and expects to see more such deals becoming available.