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...
