Bad debts accumulated by China’s state banks have been targeted by distressed asset investors for about a decade, with mixed results. The high-profile auctions of the mid-2000s that attracted the likes of Avenue Capital and Mellon are no more. Foreign investors are enjoying the most success on the fringes, pursuing assets on a smaller scale in lesser known areas.
The four asset management corporations (AMCs) set up to handle bad debts emanating from the Big Four state banks, still have about $100 billion in legacy assets on their books, much of it from 10 years...
CDPQ's recently opened India office sees TVS Logistics as both a uniquely healthy company and a chance for an entry into a promising sector in India
With recent bids by Chinese investors for Australian power network Ausgrid blocked by regulators, IFM saw an opportunity to salvage the deal for itself
The Everbright-IDG Industrial Fund is one example of investors joining forces to address the investment opportunities created by China's evolving economy. Are two heads really better than one?
Hong Kong is the only major international center openly seeking to treat carried interest as income rather than capital gain for tax purposes. The private equity industry wants to know where it stands