Swiss manager targets emerging markets distressed debt

Commercial Intelligence, which focuses on buying distressed debt, recently held a first close on Global Distressed Alpha Fund III at $18m for investments in Asia, Africa, Middle East and Latin America.

Commercial Intelligence, a Swiss fund manager specialising in distressed debt purchase and recovery, has set a $100 million target for its sixth fund, a spokeswoman from the firm told PE Asia.

Global Distressed Alpha Fund III will directly purchase distressed debt from businesses and institutions in Asia, Africa, Middle East and Latin America, reaping benefits upon settlement via arbitration or court ruling.

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