KKR JV targets China's growing distress

The private equity firm has teamed up with bad bank China Orient to pick over soured loans backed by real estate.

KKR JV targets China's growing distress

Global private equity firm KKR has teamed up with state-owned enterprise China Orient Asset Management to tap into the growing number of distressed real estate opportunities in China.

Bankruptcy filings are rising as the world’s second-largest economy slows and Beijing has become more relaxed about allowing companies to fail as it seeks to reform its financial markets.

However, investors have struggled to navigate China’s unpredictable court system, hampered by the lack of...

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