Asian private debt manager wins licence, targets $350m

Asset owners and managers are increasingly looking eastward from Europe and the US to Asia in search of returns from direct lending, special situations and distressed debt opportunities. There are a growing number of alternative investment firms expanding into private credit in Asia. There are also now new managers being set up from scratch by regional veterans to tap opportunities. Zerobridge Partners is one example. It received its capital markets licence from the Hong Kong re…