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...
Distressed/Special Situations | 01 Jul 2015
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.
Fundraising | 25 Jun 2015 |
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...
Fundraising | 24 Jun 2015 |
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.
Distressed/Special Situations | 18 Jun 2015 |
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).
Fundraising | 17 Jun 2015 |
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.
Fundraising | 11 Jun 2015 |
Turnaround specialist Japan Industrial Solutions (JIS) has invested JPY25 billion ($208 million) in ailing electronics group Sharp as part of JPY225 billion bailout.
North Asia | 18 May 2015 |
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.
North Asia | 23 Apr 2015 |
Robert Petty, managing partner and co-founder of Asia-focused special situations and credit investor Clearwater Capital Partners, has been elected chairman of EMPEA.
People | 03 Feb 2015 |
Japanese GP Integral Corp. has agreed to refinance ailing domestic airline Skymark which filed for bankruptcy protection this week.
North Asia | 29 Jan 2015 |
KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.
Restructuring | 16 Jan 2015 |
Asia special situations investor SSG Capital Partners has acquired a 49% stake in Asset Care & Reconstruction Enterprise (ACRE), which acquires distressed debts from Indian banks, for INR410 million ($6.6 million).
Distressed/Special Situations | 26 Nov 2014 |
Howard Marks, chairman of Oaktree Capital Management, gives his appraisal of the current investment and economic environments, and explains how his firm is developing its Asia strategy
Distressed/Special Situations | 05 Nov 2014
Centerbridge Partners will support a $352 million restructuring plan for Boart Longyear, an Australia Securities Exchange-listed mining services provider that has struggled as falling commodities prices prompt a scaling back in exploration.
Restructuring | 24 Oct 2014 |
Avenue Capital Group has hired two executives from PAG – Anil Gorthy and Dan Galanter – to lead its Asia business, with a new regional fund planned for the coming year.
Distressed/Special Situations | 08 Oct 2014 |
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South Korea continues to solidify its position as a premier destination for Asian private equity and venture capital investments. In 2014, nearly US$11 billion was invested into South Korean companies with exits topping US$8 billion, the highest return figures in the last 10 years. It is easy to see why international and domestic GP's hold South Korea in high regard, being one of few Asian destinations where large leveraged buyouts are possible.
Venture capital is also gaining momentum as the Park Geun Hye-led government continues to advance on initiatives to promote innovation and foster SMEs. With capital inflows and creative input from local and international VCs, South Korea is living up to its reputation as a flourishing venture ecosystem as we witness the rise of angel consortia, accelerators, and local offices for established VC funds.
This intensive and highly focused event will provide front row seats into one of Asia's most vibrant private equity markets. Key players will share their views on private equity and venture capital in Korea, Asia and beyond.
15 September 2015, South Korea- Westin Chosun, Seoul
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
25-26 June 2015, Conrad Hotel, Tokyo