Pacific Alliance, Secured Capital Japan Ink Partnership
Asian alternative investment manager Pacific Alliance Group and real estate investment manager Secured Capital Japan have signed a deal that will have Pacific Alliance invest up to JPY4.5 billion (USD46 million) in convertible bonds issued by Secured Capital Japan. Pacific Alliance made an initial payment of JPY3 billion for the bonds. The two also agreed to go in on real estate opportunities and distressed debt together over the next several years, in Japan and greater China.
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