Private equity firms are facing more portfolio challenges in Europe as retail and cyclical companies remain under pressure, but BC Partners has more than its share of problem credits that are attracting attention from distressed investors. The secondary loan value of some European companies owned by BC Partners have fallen heavily since the start of the year, although the private equity firm's overall returns are supported by some big wins. "There are some tricky leveraged loans out there for most sponsors but BC Partners seem to have a disproportional amount," a head of capital markets banking said.
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