Broad Peak Investment Advisors Pte. Ltd has entered into a strategic arrangement with stressed assets advisory firm Brescon & Allied Partners LLP, to invest up to $300 million in special situations in India, the investment firm said in a statement. Through this collaboration with Brescon, Broad Peak aims to invest across multiple special situations in India ranging from turnaround, debt resolution to litigation financing, among others. “Brescon has a strong reputation in the arena of stressed/distressed debt in India and we look forward to working with them and other stakeholders in those domains,” said Sandeep Gupta, managing director at Broad Peak. The current arrangement with Broad Peak is a pre-cursor to Brescon’s ambition of raising a dedicated special situation fund from LPs spanning both domestic and foreign investors,” said Nirmal Gangwal, Managing Partner of Brescon & Allied Partners LLP.

Source: Mint November 23, 2021 05:15 UTC