Newly established Pangaea Capital is in the process of raising a targeted $1.5 billion for an Asian distressed investment fund. A unique feature of the new fund is that it will source 80% of its capital from leading Asian financial institutions in an innovate structure that allows its Asian institutional investors the right to co-invest alongside the fund in its transactions.
According to Pangaea's founder Robert Zulkoski, the fund's high caliber Asian investor base serves as a key strength in a market place that increasingly favors local over foreign investors.
The market environment in Asia is entering a new paradigm, he says. Local investors are returning to...
