Pacific Aegis Capital Management Group (PACM), a Hong Kong-based real estate private credit investment management firm, is in the process of raising its second special situations fund to invest up to $300 million in opportunities across developed markets.
PACM, which started operations in 2018, has already secured $150 million in capital commitments for the new fund, Francis Ng, Managing Director and Chief Investment Officer, told DealStreetAsia in an interview. The fund is on track to reaching the first close at $200 million by the end of H1 2023, he said.