Dubai Firm To Launch Distressed-Debt Fund

04 Oct 2010

Dubai’s Essdar Capital Managers is planning a $500 million fund to acquire distressed debt from banks in the Gulf region.

Dubai’s Essdar Capital Managers is planning a $500 million fund to acquire distressed debt from banks in the Gulf region. The firm expects the region to offer “consistent long-term opportunity” over the next three to five years as the firm looks to purchase bad loans at 20 cents ...

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