China: DCL Investments to launch $300m fund for distressed assets

China: DCL Investments to launch $300m fund for distressed assets

REUTERS/Dado Ruvic

DCL Investments, a Beijing-based distressed asset manager focused on China, is aiming to raise $300 million for a US dollar-denominated fund. It is also in the process of reaching the first close of an RMB1.5 billion ($215 million) fund.

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