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27

Distressed Funds Find Treasure in China’s Mounting Bad Debts

By Tony Seruga

Huarong expects cash return from NPL disposal to rise to 20%
China may have about $3 trillion in distressed debt: ShoreVest

The specter of more soured assets piling up in China is turning into a sweet spot for distressed debt investors seeking fat returns.

China Huarong Asset Management Co., the nation’s largest bad bank by assets, expects cash returns of above 20 percent from distressed debt sales in this non-performing loan disposal cycle versus about 17 percent in the last clean-up a decade ago. Guangzhou-based fund ShoreVest Capital Partners Ltd. predicts the next three years to be a sweet spot for bad debt investment in China due as many lenders look to sell. KPMG China says now is the best time to buy as asset prices and returns will improve once the economy stabilizes…

Distressed Funds Find Treasure in China’s Mounting Bad Debts

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