Shoreline seeks to raise $2b of distressed dry powder

The Guangzhou-based firm is drumming up interest in its fundraising exercise, a signal that investors are anticipating a more difficult road ahead.

Shoreline seeks to raise $2b of distressed dry powder

Shoreline Capital, China's largest domestic distressed debt investor by assets, is in the early stages of raising a pair of funds focused on investments in distressed debt, in what will become their largest fundraising excercise ever, according to debt market sources.

The decision to build an additional war chest comes on the heels of rising compeition from foreign money-management firms hoping to buy beaten-down non-performing loans on the cheap. Among Shoreline Capital's domestic peers...

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