TIG Advisors buys minority stake in HK credit opportunities fund Arkkan
Submitted
By Hugh Leask | 13/01/2021 - 2:25pm
TIG Advisors, the New York-based alpha-focused manager which makes growth equity investments in alternative asset management firms, has bought a minority stake in Hong Kong-based credit and distressed situations specialist Arkkan Capital. TIG – which has around USD7 billion in assets, providing growth capital, infrastructure and management support to investment teams – acquired the minority revenue share interest from a fund managed by a Blackstone advisor and Arkkan seeder, which will remain an investor in the Hong Kong-based fund.