SSG targets $2bn for new funds, eyes Indian NPLs

SSG Capital Management, an Asia-focused special situations specialist, aims to raise up to $2 billion for two new funds with an eye on Indian distressed debt, a source familiar with the matter said on Monday. The Hong Kong-based firm is targeting $750 million to $1 billion for one fund to invest in special situations and another $1 billion for a private credit strategy, the unnamed person said. Demand for private debt has been rising of late among Asian investors, many of whom s…