Global Leveraged Capital has formed an advisory arm, GLC Advisors & Co., to advise debtors, creditors and stakeholders in distressed companies, the firm said today.

GLC Advisors, which is staffed by a stable of UBS veterans, is looking to capitalize on what the head of the unit said is an expected 14% default rate among noninvestment grade entities by the end of the year. The advisory practice’s parent invests in distressed middle-market companies across a number of industries.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.