Shoreline Capital Raises $285M For Its Third China Distressed Debt Fund

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China-focused distressed debt and special situations firm Shoreline Capital Management has held a second closing of US$285 million for its third fund, which is more than half of its total fundraising target, according to a person familiar with the situation.

Shoreline China Value III L.P. is targeting to raise a total of US$500 million. The fund was currently expected to complete a final closing at the end of the year.

China Money Network

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