A former Goldman Sachs Group Inc. special situations group head has raised an initial $245 million for a new fund that will invest in loans and bonds of China’s beleaguered property industry.
Jason Brown’s Hong Kong-based Arkkan Capital has completed a first close for the Arkkan China Real Estate Fund and plans to raise more money in the first half of next year, it said in an emailed statement dated Wednesday. It will target stressed and distressed assets.
