Adalla Kim
The crude oil storage sector has become a ‘hot commodity’ for some investors as banks cut their sector exposure and traders point to a shortage of storage.
Among its investors, a US pension fund plans to allocate $300m to Oaktree Opportunities Fund XI, the latest in the distressed debt fund series.
The pressure is on developers in the country, but fund managers believe real estate debt is an attractive option for investors.
The European private debt fund manager has picked South Korea for its first Asia office as it strengthens its global coverage.
The coronavirus outbreak has caused disruption to fundraising plans and changes in investment focus.
The firm, known for its private equity investments, is now entering into speciality finance through its newly built structured credit team.
The private capital manager is ramping up its Asia-Pacific credit business by raising new capital and hiring a senior executive.
Private Debt Partners, the newly established private debt manager, is targeting $750m in its fundraising.
The surge in non-performing credit this year due to corporate defaults will not necessarily translate into investment opportunities amid covid-19.
The French asset manager is expanding its presence in the region with an external hire who will be based in Singapore.