Finding Opportunities in a Pandemic-Influenced Business Cycle: Despite recent market volatility introduced by the COVID pandemic and other geopolitical events, super-accommodating central banks and enormous liquidity support continue to stave off a slowdown and mask signs of fragility in the economy. How are distressed funds deploying capital and generating value in the current circumstances, especially with the abundance of dry powder in the market? Is the current credit cycle different from past cycles? How have distressed investing strategies evolved from the start of the pandemic to the current market environment? How can investors prepare for future adverse events, such as pandemics, natural disasters, and geopolitical tension?