Shoreline Capital Management, a Chinese distressed investment firm, has raised a new fund with $178.18 million in capital commitments.
Shoreline Capital Management, Ltd., a China-focused distressed asset investment firm, today announced the closing of its fund, Shoreline China Value I, L.P. The fund accepted subscriptions of US$178.175 million, exceeding its US$150 million target.
The fund's limited partner base consists almost exclusively of top endowments, foundations, pensions and fund-of-funds.
In early 2004, Shoreline Capital was one of the first investment firms to establish a presence in
Benjamin Fanger, co-founder and managing director of Shoreline Capital, attributed the firm's investing and fundraising success to its platform and team. “Shoreline has a niche platform that allows us to source and execute distressed opportunities in
Co-founder, Ms. Xiaolin Zhang leads the firm's investments in NPLs and partner, Mr. Linyu Yang, manages its investments in distressed real estate. Both bring over a decade of Chinese distressed debt and real estate investment experience.