Värde Partners raises $400m for Asia Credit Fund, exceeds target by 60%

Värde Partners raises $400m for Asia Credit Fund, exceeds target by 60%

The Marina Bay Sands hotel and casino stands in Singapore, on Thursday, Feb. 18, 2016. Photographer: SeongJoon Cho/Bloomberg

Global alternative investment firm Värde Partners raised about $400 million for its first dedicated Asia Credit Fund, exceeding its target of $250 million.

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