China distress specialist DCL seeks $500m for US dollar fund
DCL Investments, a China-based distressed debt and special situations manager, is targeting around $500 million for its first US dollar-denominated fund, hoping to leverage renewed interest from foreign investors in this space.
The GP is also seeking RMB3 billion ($447 million) for its third renminbi vehicle and expects to reach a final close in the first half of the year, according to a source familiar with the situation. DCL...
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