Family offices, wealthy Asians seek distressed asset exposure
Growing investor appetite for distressed investments is being matched by a wider range of opportunities, even as the region's banks adopt a more conservative lending approach.
As tightening credit conditions in Asia increase the range and number of distressed opportunities, investors are seeking greater exposure, while acknowledging the risks.
“Distressed debt and real estate as well as fund secondaries are presenting interesting opportunities to invest at reasonable valuations,” said Kanu Gupta, chair of the recently launched Singapore branch of TIGER 21, a network of ultra-high-net-worth individuals (UHNWIs) collectively accounting for $150 billion of…
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