::::::::The page you link to above is about hedge funds which invest in distressed securities, and does not use the term "distressed equity" anywhere on the page.  Googling "distressed equity fund"  produces few pages, and most of what it does produce is not pages about funds that invest in distressed assets of any kind: for example  is about equity funds which have themselves become distressed.  I am completely at a loss as to why you think "distressed equity" has anything to do with what the rest of us are talking about.