A post by @FirstSquawk on X.

BC Partners is in talks to acquire the bankruptcy loan held by a public investment fund, a move aimed at reviving the assets of a failed golf league, according to the Financial Times. The purchase would give the private equity firm control over the debtor-in-possession financing tied to the league’s remaining assets. The deal matters because it could determine the recovery path for creditors and set the stage for a relaunch or sale of the league’s holdings. Terms of the loan and the size of BC Partners’ potential commitment were not disclosed. Watch for a formal agreement and any subsequent auction or restructuring plan that clarifies how the golf league’s assets will be redeployed.