PAG shows appetite for distress
Interest in Asian distressed assets appears to be living up to the hype, with PAG last week reaching a final close of $900 million a regional special situations fund. Several investments have already been made and more are in the pipeline, a source familiar with the situation tells AVCJ.
It comes on the heels of reports, also confirmed by AVCJ, that specialist distressed investor Clearwater Capital Partners has so far raised $200 million for its fourth Asia ex-Japan fund, with a final...
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