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Exploring China Huarong’s diminishing pursuit of NPL business

Industry sources are pondering why there has been a significant decline in the organisation’s NPL acquisition costs

LISTEN: 3 takeaways from the June magazine’s ‘EBITDA on steroids’ cover story

The level of EBTIDA addbacks is correlated to company size: the bigger the company, the more generous the adjustments. But lenders to smaller companies are still compromising on things they never thought they'd have to agree to only a couple years ago.

Four trends in Asian distressed debt

Deteriorating covenant quality will put some off investing in Asia, but there are attractive opportunities in the region for those who understand the risks.

Foreign investors are seeing increasing opportunities in China’s credit crisis

Following a period of loose credit in China, international investors are looking to snap up the wealth NPLs it has generated.

By the numbers: Inside Bain’s latest $3bn distressed fundraise

Its 2012-vintage fund posted lacklustre results, while its vehicle launched in 2015 has been among the better performing from that year.
A Lens

Behind Tikehau Capital’s Asia push

The Temasek-backed French asset manager is focusing on Japan in pursuit of partnerships and a new LP base.

Ask the investors: how to budget for risks

Here are our findings on selective Korean and Japanese investors’ risk appetites and favoured sub-strategies for the asset class this year.

EMPEA survey: private credit strategies in emerging markets seek mispricing of risk

Organisation finds emerging market strategies to have lower leverage levels and higher targeted returns than those aimed at established jurisdictions.

Japan: A hot place for infra debt managers

Infrastructure debt continues to attract conservative but income-seeking Japanese institutions like Dai-ichi Life Insurance and Development Bank of Japan

South Korea: the end of the infra spree?

Korean insurers are making changes as they see diminishing returns from infrastructure debt.

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