Chinese distressed asset specialist DCL hits first close of RMB Fund IV

Chinese distressed asset specialist DCL hits first close of RMB Fund IV

Selina Zheng, president of DCL Investments

Chinese distressed asset investor DCL Investments has reached the first close of its fourth RMB-denominated fund DCL Special Situation RMB Fund IV while targeting to garner a total of 3 billion yuan ($466.5 million) for the new vehicle.