KKR, China Orient join to tap bad-debt market
Print Edition
KKR & Co said it has partnered with one of China’s biggest state-owned bad-debt managers to take advantage of opportunities in the country’s growing market for distressed debt, particularly in the property sector.
In a sign of growing foreign interest in Chinese distressed debt, the US buyout firm has set up a venture with two units of China Orient Asset Management Co, one of the country’s Big Four asset-management companies.
The venture will provide flexible capital solutions, particularly in the real estate sector, Edward Han, managing director at one of the units, COS-Capital, said in a statement.
It has invested in one deal, a person familiar with the matter said, declining to be named as the person was not authorized to speak about the issue.
Further details about the venture were not available.
China’s distressed debt market has been dominated by the Big Four asset-management firms such as China Huarong Asset Management Co and China Cinda Asset Management Co .
But there have been signs that overseas investors are eying the rapidly expanding market, as slowing growth for the world’s second-largest economy pushes more borrowers into default.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
