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.
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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