Hong Kong–based alternative-investment manager Pacific Alliance Group, with $4 billion in assets, has hired a group from Deutsche Bank’s Asia-Pacific distressed-products team in Hong Kong to head up its expanding distressed-debt business. “We are seeing historic opportunities in leveraged bank loans, private placement and illiquid space as we continue to see major price dislocations in the capital structure,” says Kanak Kapur, who helmed Asia distribution for the division at Deutsche and is now a managing director at Pacific Alliance.
He is joined by Anshumann Woodhull and Anil Gorthy, also managing directors, and Stuart Blieschke as vice president. Kapur says Pacific Alliance is now ready to pick up where competitors have left off: “The universe of stressed and distressed opportunities in Asia-Pacific has expanded substantially, and there are fewer players left who are truly active in this space.”
