Credit/Special Situations
China distress: Dining on defaults
GPs expect a wave of non-performing loan sales in China as the slowing economy leaves banks with more bad debts to resolve, but could the distress investment opportunity be even broader than they envisage?
ADIA to enter India distressed asset space
Abu Dhabi Investment Authority (ADIA) will make an anchor commitment of $500 million to an India special situations fund launched in conjunction with Kotak Private Equity.
Q&A: Allegro Funds' Chester Moynihan
Chester Moynihan, founding partner of Australia-based turnaround specialist Allegro Funds, discusses deal sourcing, the impact of credit funds, and developing a coherent approach to operations
Deal focus: Investcorp takes the plunge into India
With the acquisition of IDFC Alternatives' private equity and real estate businesses, Investcorp secured a ready-made India investment platform
Allianz invests $200m in Edelweiss India private debt platform
Allianz Investment Management, a unit of insurance giant Allianz Group, has invested over $200 million in a private debt platform managed by Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group.
China distress: Second cycle
Investors are looking to capitalize on the China distress opportunity, and recent activity in around non-performing loans suggests there will be enough deal flow to sate their appetites
CITIC Capital targets China distress
CITIC Capital has established a team to make distressed investments in China, primarily in the real estate sector, and is considering raising a fund dedicated to this strategy.
Värde promotes Asia credit head to partner
Värde Partners has promoted Haseeb Malik, a senior managing director based in its Singapore office and head of Asia corporate and traded credit, to partner. It is one of three senior promotions announced by the firm worldwide.
Fund focus: Edelweiss scales up for India distress
Edelweiss Alternative Asset Advisors expands its India distress agenda with a new fund mandated for both direct debt buyouts and equity investments
Edelweiss closes India stressed asset fund at $1.3b
Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group, has raised INR92 billion ($1.3 billion) for its second fund focused on investments in Indian stressed assets.
Investors turn to private markets amidst downturn fears - survey
Asian institutional investors are looking to increase allocations to private markets in order to mitigate the risks of a potential economic downturn, a new survey has found.
Fund focus: ADM aims for clarity in private debt
ADM Capital prioritizes transparency as it closes its latest Asia-focused secured lending fund. Environmental, social, and governance issues are also high on the agenda
Värde collects $400m for debut Asia credit fund
Värde Partners has closed its debut Asia-focused credit fund with approximately $400 million in commitments. The vehicle launched about six months ago with a target of $250 million.
ADM raises $178m for Asia secured lending fund
ADM Capital has closed its Asia Secured Lending Facility II (ASLF II) with $178 million for small and medium-sized enterprises (SMEs) in Asia.
LP interview: Sweden's AP2
Swedish pension fund AP2 could be about to see a significant jump in its private equity allocation. Head of alternatives Anders Strömblad outlines what the organization looks for in prospective portfolio GPs
Avenue Capital raises $450m for Asia special situations fund
Avenue Capital Group has rebooted its Asia franchise by raising a $450 million fund that will target special situations opportunities across the region.
Indian NPAs: Solvency strikes
With a series of highly publicized bankruptcy proceedings, government efforts to rein in India’s non-performing assets may finally be paying off. Investors expect a wave of turnaround opportunities
Deal focus: Värde wants a piece of India’s $200b problem
Värde is tackling what it sees as a massive opportunity set in the Indian distress market by partnering up with local investor Aditya Birla Capital
Aditya Birla, Värde launch India distressed asset JV
Aditya Birla Capital (ABCL), the financial services arm of the Aditya Birla Group, and Värde Partners will launch a joint venture to pursue investments in stressed and distressed assets in India.
Australia's OneVentures launches $74m venture debt fund
Australia’s OneVentures has partnered with Israel-based Viola Credit to launch a A$100 million ($74 million) venture debt fund that is said to be the first vehicle of its kind in Australia.
LP interview: Korea's POBA
Korea’s Public Officials Benefit Association is expanding its private equity exposure and global footprint. Maintaining this diversification within the firm’s traditional risk profile requires a gradual approach
IFC plans $273m Southeast Asia distress JV
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a partnership with Philippines-based Altus Capital to invest up to $272.5 million in distressed assets in Southeast Asia.
VIDEO: Morrison & Foerster's Serena Tan
Serena Tan, a partner at Morrison & Foerster, discusses trends in private equity fundraising in China
VIDEO: Shoreline Capital's Tony Liu
Tony Liu, COO of Shoreline Capital, discusses investment opportunities in China's non-performing loan (NPL) space.
