EdgeLine Capital Partners is pleased to congratulate Shoreline Capital Management on the successful final close of its oversubscribed Shoreline China Value III, L.P. at $500 million with an overflow vehicle which was closed for an additional $195 million and was also oversubscribed. Investors included public and private pensions, endowments, foundations, insurance companies, family offices and high-net-worth individuals, with strong support from existing investors and selectively added new investors. “We have been privileged to work with Shoreline Capital on its successful fundraise, which is a testament to their experience and well regarded reputation in China,” said Joe Silver, co-founder and managing partner at EdgeLine Capital Partners. With offices in both China and the US, Shoreline invests in Chinese distressed credit opportunities and special situations. Ben Fanger, Shoreline’s founder remarked, “The deceleration in China’s economy has created an unprecedented boom in non-performing loans (“NPLs”). For the past decade, we have invested significant resources in China understanding the complexities of the Chinese credit system and that has positioned us well for our staff of 40 to scour the country for investment opportunities.” In fact, Shoreline China Value III has already called 70% of its capital. Joe Silver added, “Few investors are as well positioned as Shoreline to take advantage of the current opportunity in Chinese NPLs. We believe they are the pre-eminent investor in China and look forward to working closely with them for years to come.”
About EdgeLine Capital Partners
EdgeLine Capital Partners, through its SEC-registered broker-dealer, EdgeLine Capital LLC, is a leading independently owned placement firm dedicated to raising capital for carefully screened premier investment strategies and partnerships. Founded in 2009, each of the firm’s partners has an average tenure of over 20 years in the investment business, with backgrounds in asset management, business development, investment banking, and financial structuring. The firm’s team of seasoned senior professionals has represented GPs that have successfully secured capital commitments in excess of $50B from a broad set of domestic and international institutional investors, representing multiple alternative investment strategies.
About Shoreline Capital Management, Ltd:
Shoreline Capital is a private fund manager founded in 2004 to specialize in finding and creating value in distressed debt and special situation investments in China. The firm has over 30 professionals in China and manages over $1 billion of capital in portfolios of nonperforming loans, restructured single credits, and special situation financings. Prior to 2008, Shoreline Capital sourced and serviced over US$1.6 billion (principal balance) of Chinese nonperforming loans in one-off deals for third party investors. It closed its first discretionary fund at US$178.2 million in 2008 with an investor base of primarily endowments, funds-of- funds, pensions and foundations. Shoreline’s second fund closed at $303 million in February 2013 with a larger base of investors across North America, Europe, Asia and the Middle East. In 2015, Shoreline closed its third fund of $500 million and an overflow fund that closed at $195 million.