The second fund, which is run by former regional head of New York-based hedge fund Perry Capital LLC Alp Ercil, is targeting to raise USD1.1 billion to invest in distressed assets in Asia.
Alp Ercil
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News and developments in Asia private equity from Reuters News for the week ending Aug. 24.
Alp Ercil closed his own Asia-Pacific fund to fresh money this week after raising $940 million in the biggest hedge fund launch in the region for 2012.
Alp Ercil, the former Asia head of Perry Capital, has raised $440 million for a private-equity style hedge fund that will focus on distressed investment opportunities in credit and equities in the Asia-Pacific.
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