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.

We've spent the past six months investing our existing capital into low risk situations that provide attractive returns, says Moe Ibrahim, fund manager at ADF. We're now close to fully invested and since performance is in line with expectations, we've begun actively...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222