SSG targets $2b for new funds, eyes Indian NPLs

The funds will focus on special situations and private credit across Asia, not least distressed assets in India, a source familiar with the matter told FinanceAsia.

SSG Capital Management, an Asia-focused private-equity funds firm founded by three former Lehman Brothers executives, is seeking to raise up to $2 billion for two new funds, a source familiar with the matter told FinanceAsia on Monday.

The new funds come as SSG Capital vies for deals in special situations and private credit across the region and, specifically, Indian distressed assets, the person said, who asked to remain anonymous because discussions are still ongoing.

Founded by members of the Lehman Asia special situations group in 2009, SSG Capital focuses on credit and special situations investments in Asia-Pacific. The investment fund is run by its chief...

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