---
title: FEG Bridge Insight with Victor Khosla
description: In this episode of FEG’s Insight Bridge, Greg is joined by Victor Khosla, founder and CIO of Strategic Value Partners, a private credit firm with investments in both the U.S. and Europe. Victor reflects on the shifts in distressed investing over the past 20-plus years and explores the role of ESG in improving operations. He also shares his thoughts on the differences between distressed debt in Europe and the U.S. and why rescue financing, or DIP loans, is an essential piece of SVP’s toolkit.
---

[Insight Bridge Podcast ](https://www.feg.com/insight-bridge-podcast)

# [FEG Bridge Insight with Victor Khosla](https://www.feg.com/insight-bridge-podcast/fear-and-loathing-in-2023)

 Written by [FEG](https://www.feg.com/insight-bridge-podcast/author/feg) | January 26, 2023

Founder and CIO of Strategic Value Partners, Victor Khosla has seen significant shifts in the distressed investment landscape since he first founded SVP in 2001. In this episode of the FEG Insight Bridge, Victor shares his insights on how SVP has effectively differentiated itself from other private credit firms and why focusing on operational improvements rather than financial engineering is a better play for strong returns.

He also discusses the value of sourcing distressed debt opportunities directly (a unique approach) and how distressed debt investing can be used to advance social good. Finally, he explores the role of rescue financing in scaffolding companies’ success and which sectors are looking most enticing in the face of oncoming recession. You won’t want to miss this exciting episode!

**Chapters**

00:00:00 Intro

00:00:33 Episode overview

00:01:39 Introduction to SVP

00:04:48 How Victor got into distressed debt investing

00:07:28 What differentiates SVP from competitors

00:11:19 The social good of distressed debt investing

00:13:09 Pursuing ESG through distressed debt

00:17:36 Investing in the U.S. vs. Europe

00:22:02 Sourcing European distressed debt

00:27:25 Sectors Victor finds particularly exciting

00:31:15 Changes in the corporate balance sheet in the current cycle

00:34:57 The current players in the distressed debt markets

00:40:03 How SVP utilizes private lending

00:44:14 Victor’s hobbies and philanthropic causes

 

[View full post](https://www.feg.com/insight-bridge-podcast/fear-and-loathing-in-2023)

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