Shoreline spin-out DCL raises $500m China distress fund
DCL Investments, a spin-out from China-focused distressed debt and special situations investor Shoreline Capital, has closed its debut fund with more than RMB3.7 billion ($500 million) in commitments.
About one third of the corpus was raised through CDH Investments' wealth management platform, according to a source familiar with the situation. As a result, CDH took a stake in the GP, although DCL is...
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