Home NPL


 Corona Asset Management made its first purchase in an auction geared toward minority- and women-owned businesses.  
The firm is continuing to shift from advising firms to managing assets for their clients. This is the firm’s second acquisition.
The two investment funds purchased more than $1.5bn in unpaid balances in deals that are projected to close on 24 August.
The firm’s second fund targets investment in SMEs on the Iberian Peninsula. Deal sizes range between €10m and €30m and its IRR target is 20%.
Non-performing loans in the world’s second biggest economy certainly look tempting, but China is still not a market for beginners.  
Pillarstone hires Jonathan Conway and Pablo Crespo as partners in a bid to expand the operations of the credit vehicle which assists banks with managing their exposure to NPLs.
The non-performing real estate loan portfolio has a combined face value of €4.7 billion. 
Fundraising has begun for the third in a series of funds focused on European bad debt from Apollo.  
The alternative investment firm revealed mostly declining financials in its Q1 earnings report, though Apollo is raising several credit funds, where performance was about flat compared to declines in private equity.  
Private equity firm Apollo Global Management (Apollo) is teaming up with International Financial Corporation (IFC), the investment arm of the World Bank, to launch a $1 billion debt platform for distressed assets in emerging markets. According to an IFC filing, IFC and Apollo will each inject up to $500 million in the non-performing loans (NPLs) […]

Copyright PEI Media

Not for publication, email or dissemination