If this question is in reference to the hung loans I mentioned in my previous post, there won't be a need to; at least on those. This is small portion of overall bank business and banks are in much better shape than over a decade ago.
Edit: Or is this one of the outliers and most of the other times all the participants make money?
For instance, 24 hour fitness is on the verge of failing, and it's owned by a pension fund in Canada.
https://www.24hourfitness.com/company/press_room/press_relea...
"24 Hour Fitness USA, Inc. announced that AEA Investors, a leader in the private equity industry; Ontario Teachers’ Pension Plan, Canada's largest single-profession pension plan – and one of the world’s largest; and Fitness Capital Partners, a fund organized by Dean Bradley Osborne and Global Leisure Partners have completed their acquisition of the Company from Forstmann Little & Co."