Deals
Varde Plans to Double Asia-Pacific Staff in Distressed-Debt Push
- Co-investment chief Carstairs moved to Singapore this month
- Japan, Singapore, Australia offer top investment opportunities
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Varde Partners, the $12 billion U.S. buyout firm and distressed-debt investor, plans to double its Asia-Pacific staff in coming years as ballooning corporate debt offers investment opportunities, new regional head Ilfryn Carstairs said.
“What you have seen is a large accumulation of leverage in this region, which with patience and over a period of time, tends to lead to more opportunities for us,” Carstairs said in an interview in Singapore last week. “Some of those opportunities play through in areas like commodities and energy markets, certain real estate markets.”