Jun
10

Shoreline Nets $500 Million for Third Distressed China Debt Fund

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Shoreline Capital Management Ltd., a Guangzhou-based money manager that buys soured debt in China, raised $500 million for a third fund as slowing economic growth weakens asset quality.

The Shoreline Capital Value III fund was oversubscribed with the biggest commitments coming from government and pension funds, co-founder Benjamin Fanger said in an e-mailed statement. About half has already been invested in transactions involving some 1,000 nonperforming loans…

Shoreline Nets $500 Million for Third Distressed China Debt Fund

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