Clearwater, IFC plan $150m distressed asset JV
The International Finance Corporation (IFC), the investment arm of the World Bank,and Clearwater Capital Partners will together invest $150 million in distressed assets in Asia.
IFC will contribute $50 million in senior debt and $25 million in junior debt under the IFC Distressed Asset Recovery Program (DARP) while Clearwater will provide $75 million in junior debt from its...
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