Tor Investment Raises $310 Million for Asia Private Credit Fund

(Bloomberg) — Hong Kong-based alternative credit manager Tor Investment Management has raised $310 million for its third Asia opportunistic private credit fund, seeking to take advantage of the growing popularity of the asset class, according to co-founder and portfolio manager Christopher Mikosh.

Tor, which has $2.1 billion of assets under management, targets deal sizes of $50 million-$150 million, a range underserved by larger funds, Mikosh in an interview. On the other hand, local lenders are typically unable to extend above $25 million to $50 million, he said.