Hong Kong — 17 September 2026
HONG KONG – Pacific Aegis Capital Management (“PACM”) has completed the acquisition of a non-performing loan portfolio from a financial institution in Hong Kong. The portfolio comprises senior secured loan facilities backed by commercial and residential real estate assets in the city.
The loans are secured by a first-ranking mortgage over a Grade-A commercial office asset in a prime district, together with additional real estate collateral across key locations in Hong Kong. The structure is intended to provide strong credit protection while supporting a work-out and the longer-term positioning of the underlying assets.
“This acquisition allows us to support Hong Kong financial institutions as they recycle capital and manage liquidity, while working out senior secured real estate credit against quality local collateral. It also reflects PACM’s position as a leading specialist in private credit and non-performing loans in Hong Kong, with a focus on complex, asset-backed situations in this market,” said Kenneth Li, Co-Head of Credit Solutions Group at PACM.
The transaction was originated and completed in Hong Kong, drawing on PACM’s on-the-ground credit, legal and work-out capabilities and its relationships with local financial institutions. Ashurst and Gallant acted as legal counsel to PACM on the transaction led by partner Daniel Lau and partner Andrew Wong respectively.