ShoreVest eyeing China’s ‘bad debt’ industry with $750m fund

China-based ShoreVest Capital Partners has reportedly launched a $750m fund to target the ‘bad debt’ industry in the country. The firm has already collected commitments from sovereign wealth funds and pension funds according to the Financial Times. ShoreVest, which specialises in Chinese distressed debt and structured credit, started investing in non-performing loans (NPL) deals in …