Evergrande Won’t Deter Investcorp From Expansion Into China

Investcorp Holdings BSC, one of the largest foreign buyers of U.S. real estate, remains bullish on the world’s biggest economy and expects the crisis enveloping China Evergrande Group to offer fresh opportunities for the private equity and alternative asset manager as it seeks to expand in Asia.

The top executive at the Bahrain-based firm described the problems at the Chinese developer as temporary and likely to be contained within Asia, and said the situation could even have “a calming effect on the prices of real estate that are really ballooning in parts of China.”