China: DCL Investments raises $500m debut fund targeting distressed assets

China: DCL Investments raises $500m debut fund targeting distressed assets

DCL Investments, a Beijing-based distressed asset manager spin-out from China-focused distressed debt firm Shoreline Capital, has raised RMB3.7 billion (US$500 million) for its debut fund, a special situation fund that will invest in distressed assets.

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