---
title: Axar News & Insights
description: Stay updated with the latest news, market outlooks, and investment insights from Axar Capital Management LP. Featuring commentary from Andrew Axelrod and deep dives into credit opportunities and distressed growth strategies.
---
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# News & Insights
###### Featuring commentary from Andrew Axelrod on navigating complexity in middle market credit and unlocking value through active involvement.
[All](https://insights.axarcapital.com) | [Insights](https://insights.axarcapital.com?filter=insights) | [News](https://insights.axarcapital.com?filter=news)
[News](https://insights.axarcapital.com/topic/news)
## Leslie’s Ad Hoc Lender Group Announces Plan for Steven L. Ortega to Return as CEO Upon Emergence
October 15th, 2026|0 min read
[Read More](https://insights.axarcapital.com/leslies-ad-hoc-lender-group-announces-plan-for-steven-l-ortega-to-return-as-ceo)
[News](https://insights.axarcapital.com/topic/news)
## What Does a Credit Investor Look for in a CEO? Axar’s Axelrod on Credit Clubhouse
“There are always opportunities to help companies in transition,” says Axar Capital Founder and CEO Andrew Axelrod....
October 12th, 2026|0 min read
[Read More ](https://insights.axarcapital.com/what-does-a-credit-investor-look-for-in-a-ceo)
[Insights](https://insights.axarcapital.com/topic/insights)
## Why Forced Sellers Create Better Prices Than Willing Ones
In 2002, Wilbur Ross bought the steelmaking assets of a bankrupt LTV Corporation for $11 per ton of capacity....
October 7th, 2026|6 min read
[Read More ](https://insights.axarcapital.com/why-forced-sellers-create-better-prices-than-willing-ones)
[Insights](https://insights.axarcapital.com/topic/insights)
## The Nucleus: Why a Failed Balance Sheet Doesn’t Mean a Failed Business
In 1976, GEICO’s stock fell from $61 to $2 a share. Management had mispriced risk so badly that the company nearly ran...
September 24th, 2026|6 min read
[Read More ](https://insights.axarcapital.com/the-nucleus-why-a-failed-balance-sheet-doesnt-mean-a-failed-business-1the-nucleus-why-a-failed-balance-sheet-doesnt-mean-a-failed-business)
[Insights](https://insights.axarcapital.com/topic/insights)
## The AI Value Gap
Your inbox is probably already full of the pitch for AI. What’s harder to find is a description of the work itself:...
August 21st, 2026|8 min read
[Read More ](https://insights.axarcapital.com/the-ai-value-gap)
[Insights](https://insights.axarcapital.com/topic/insights)
## Switching Costs, The Moat Customers Don't Notice They're Trapped By
A revenue decline and a customer defection look identical on a P&L. They are not the same event, and confusing them is...
August 19th, 2026|4 min read
[Read More ](https://insights.axarcapital.com/switching-costs-the-moat-customers-dont-notice)
[Insights](https://insights.axarcapital.com/topic/insights)
## The Compounders Built on Overlooked Balance Sheets
See's Candies. Nebraska Furniture Mart. Borsheim's. Berkshire Hathaway's formative deals were not famous companies....
August 5th, 2026|4 min read
[Read More ](https://insights.axarcapital.com/compounders-built-on-overlooked-balance-sheets)
[News](https://insights.axarcapital.com/topic/news)
## H2 2026 Distressed Outlook: Elevated cost of capital, software debt in focus
We at Axar Capital are excited to see our CIO Andrew Axelrod cited in the informative 2H 2026 Distressed Outlook piece...
August 3rd, 2026|0 min read
[Read More ](https://insights.axarcapital.com/h2-2026-distressed-outlook-elevated-cost-of-capital-software-debt-in-focus)
[Insights](https://insights.axarcapital.com/topic/insights)
## 2026 2H Market Outlook – the “Velvet Rope Market”
When we published our annual outlook in January, the defining feature of leveraged credit markets, from where Axar...
July 9th, 2026|7 min read
[Read More ](https://insights.axarcapital.com/2026-2h-market-outlook-velvet-rope-market)
[Insights](https://insights.axarcapital.com/topic/insights)
## Active vs. Passive in Distressed Credit: Why Showing Up at the Table Changes the Outcome
Consider a scenario where a middle market company tips into distress. The capital structure is contested, the...
June 18th, 2026|8 min read
[Read More ](https://insights.axarcapital.com/active-vs-passive-distressed-credit)
[Insights](https://insights.axarcapital.com/topic/insights)
## The PE Overhang: Why Sponsors Are Stuck and What It Means for Credit
Private equity has a returns problem that is not showing up in IRRs. It is showing up in distributions.
June 3rd, 2026|7 min read
[Read More ](https://insights.axarcapital.com/private-equity-overhang-dpi-credit-markets)
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