Launches & Closures

Northstone Peak launching new debt-focused fund

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Hong Kong-based Northstone Peak, a group led by Gregory Park, the highly-regarded former managing director and head of securitised products for Asia at Deutsche Bank, is launching its Northstone Peak Asia Credit Opportunity strategy touting it as the first consumer/SME mezzanine structured debt-focused fund in Asia.

AsiaHedge has learned that the strategy, which invests in US dollar denominated mezzanine investments primarily backed by Asian consumer and SME receivables originated by banks and corporations, has quietly sealed several separate account assignments from global institutions and is still actively marketing the commingled fund which targets to deliver a gross return