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[SHANGHAI] KKR & Co said on Friday it had teamed up with a large state-owned Chinese asset manager and a local investment manager to co-invest in credit and distressed opportunities in China.
The US private equity fund said in a press release it plans to work with China Orient Asset Management (International) Holding Limited, a firm wholly owned by one of the country's four largest AMCs, and China Orient Summit Capital (COS-Capital).
The new strategic partnership will "provide flexible capital solutions, particularly in the real estate sector," said Edward Han, managing director and head of special situations at COS-Capital.
No investment figures were made available.