US-based private equity firm Corstone Capital has closed a South Korea-focused fund at KRW150 billion ($124 million).
KKR has formed a partnership with China Orient Asset Management and China Orient Summit Capital (COS Capital) to make credit and distressed opportunities in the country, with real estate likely to be a key area of focus.
Abax Global Capital has raised $235 million for its second Asia special situations fund, which has a strong focus on China.
Jonathan Lavine, managing partner at Sankaty Advisors, explains the firm’s strategy in Asia and globally. The following is taken from an interview for AVCJ TV conducted in the summer of 2015
Sankaty Advisors, the global credit affiliate of Bain Capital, has agreed to buy GE Capital’s commercial lending and leasing portfolios in Australia and New Zealand.
Fortress Investment Group has closed its third Japan-focused special situations fund at the hard cap of $1.1 billion. Ten deals have already been completed with more than JPY17 billion ($140 million) deployed.
Oaktree Capital Management has been following a mantra of “move forward, but with caution,” since 2011, and Howard Marks, the firm’s chairman, told AVCJ earlier this year that he has seen no reason to change this outlook.
China’s shadow lenders are an often-misunderstood part of the private debt sector. Investors say these unregulated institutions are not necessarily a threat, but they are hard to account for
ADV Partners has reached a final close of $545 million on its debut pan-regional fund, exceeding the $500 million target. Approximately 30% of the corpus has already been deployed.
Allegro Funds has exited its majority stake in Australia-based industrial services provider TSC Group to multinational energy player Engie.
Oaktree Capital Management will contribute to a $175 million restructuring package for Australian surfwear brand Quiksilver, which has voluntarily taken its US business into bankruptcy.
China’s slowing growth has created a wave of corporate defaults, and these bad debts should be put up for sale. Not all foreign investors are ready to jump in, though, conscious of the difficulties in extracting value
KKR has agreed to invest $150 million in JBF Industries, an India-based polyester products manufacturer, with a portion of the capital going to the company’s international subsidiaries.
There are various ways for PE investors to seek legal recourse against portfolio companies that have behaved improperly – provided they have structured deals properly and don’t mind getting their hands dirty
Australasia distress specialist Allegro Funds has announced the third investment from its second fund with the acquisition of a controlling stake in Carpet Court, a New Zealand-based flooring retailer.
Australia’s Allegro Funds has been dealing in distress for 10 years – as advisor, replacement GP and now manager of its own fund. Founding partner Chester Moynihan explains how the firm’s approach has evolved
Robert Petty, managing partner and co-founder at Clearwater Capital Partners, explains why a strong credit and special situations investment strategy in Asia often involves going against the grain
Australian turnaround specialist Allegro Funds has closed its second vehicle at A$180 million ($139 million) and expects to see plenty of deal flow from domestic banks seeking alternative solutions to pushing distressed companies into insolvency.
Ben Fanger, co-founder and managing director at China distress specialist Shoreline Capital, divides credit cycles into four phases: a credit boom or misallocated lending; decelerating growth or credit tightening; the recognition that someone has to take...
Corporate restructuring activity in Japan should lead to a broader rise in the number of distress opportunities in Asia, as a result of both regulatory change and added pressure from investors.
India's Edelwiess Alternative Asset Advisors has reached a $205 million first close on its second credit vehicle, EW Special Opportunities Fund II (ESOF II).
China-focused distressed debt and special situations investor Shoreline Capital has closed its third fund at $500 million. The GP has also reached a first close of $115 million on an overflow vehicle.
Turnaround specialist Japan Industrial Solutions (JIS) has invested JPY25 billion ($208 million) in ailing electronics group Sharp as part of JPY225 billion bailout.
Tokyo-based private equity firm Integral Corp. has reached an agreement with local airline operator ANA Holdings to invest JPY18 billion ($150 million) in ailing Japanese carrier Skymark.