Tor Raises Approximately $310 Million for Third Asia Opportunistic Private Credit Fund
04.26.24
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Simpson Thacher advised Tor Investment Management (“Tor”) in connection with the formation and fundraising of its third Asia opportunistic private credit fund (“TACO III”), which closed on April 8, 2024, with aggregate capital commitments of approximately $310 million. TACO III received strong support from a diverse group of investors, including foundations, public and private pension plans, insurance companies and family offices. Tor is a leading independent alternative credit manager focused on corporate and real estate credit opportunities across Asia-Pacific.
The Simpson Thacher team included Adam Furber, Michael Ceulen, Haozhou Qiu and Li Jiang (Hong Kong – Private Funds); Russell Light and Brian Mendick (Tax); Makiko Harunari and Anuj Shah (Credit); Owen Lysak and Daniel Deacon (London – Private Funds); Rony Rothken and Manny M. Halberstam (New York – Private Funds) and Jeanne Annarumma (ERISA).