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Fund firms win licences in HK amid dash for distress

Canyon Partners, Cerberus Capital, KKR and MBK Partners are part of a fast-growing wave of fund managers and asset owners looking to Asia for bad debt investment opportunities.
Fund firms win licences in HK amid dash for distress

Asset owners and fund managers are eagerly adding to a wall of capital for distressed debt and special situation investments in Asia, with a proliferation of new teams, allocations and licence approvals in recent months and more expected to follow.

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