Ironshield Capital, the pan-European distressed debt and
special situations manager led by ex-Bank of America man David
Nazar, is starting to generate some eye-catching returns again
this year in an increasingly fertile climate for European
stressed, distressed and event-driven credit investing.
The Ironshield Special Situations Fund is up by over 11% to
the end of October, having made 14% since July, and the firm's
principals believe that it is well-placed as one of very few
dedicated European specialists to exploit what looks likely to
be a highly attractive multi-year opportunity set across
multiple European jurisdictions.
Nazar - the firm's CEO and CIO - set up Ironshield in 2007
and launched the firm's special situations fund, which runs
around $100 million, in August of that year. He had previously
led the European special situations principal investments group
at Bank of America - and has two decades of experience