Hong Kong Property Bets Grow as Private Credit Fund Plans to Double Investment

A Hong Kong–based private credit fund aims to double its lending into distressed opportunities in the city, adding to a growing list of money managers positioning for further recovery after the deepest property slump in decades.

Blue Mountain Bridge Capital Opportunities Fund expects to increase its invested capital from $75 million to $150 million by the end of 2026, a person familiar with the matter said, asking not to be identified speaking about private matters. The fund is run by Raymond Chan, who was previously co-head of Oaktree Capital Management’s Asia distressed debt business.