Asian consortium launches distressed debt fund

The Singapore-based Asian Debt Fund begins marketing.

The Asian Debt Fund ADF, a recently launched distressed debt fund covering the Asia ex-Japan region, will soon begin marketing. The Singapore-based fund is sponsored by three key investors, including Finansa, a Bangkok-based investment bank Japan Asia Investment Corporation JAIC, a Tokyo-based venture capital company and Japan's Bank Aozora.

The fund, which launched with $22.5 million, now has $25 million under management.

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