TIG buys stake in HK credit firm Arkkan

The $7 billion alternative asset management firm TIG Advisors announced its acquisition of a minority revenue share interest in Arkkan Capital from a fund managed by a Blackstone advisor.

The Blackstone-managed fund that seeded Arkkan continues as an investor in the firm’s fund, which focuses on credit and special situations investments across Asia Pacific.

Founded in 2013 by Jason Brown, the Hong Kong-based Arkkan has roughly $1 billion in AUM. Brown will continue to lead the firm as chief investment officer and retains control over Arkkan’s operations and investment processes.

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