China distress specialist Shoreline closes Fund III at $500m
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.
Approximately half of Fund III has already been invested across several transactions and there are almost 1,000 non-performing loans (NPL) in the portfolio. In addition to NPLs, Shoreline targets distressed...
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