Advisory Firm
ShoreVest Partners, Ltd (“Adviser”) was incorporated as Stellern Holdings Ltd. on Dec 30,
2005, and registered on Jan. 1, 2007 in the BVI. Subsequently it was renamed on August 24,
2018 as ShoreVest Partners, Ltd. The Adviser is solely owned by ShoreVest Capital Partners,
Ltd. and principally owned by Mr. FANGER, Benjamin, W., the Managing Partner.
Types of Services Offered
Adviser is a specialist in Chinese distressed debt and structured credit investment adviser
with a specific focus on both (1) corporate distressed debt, such as non-performing loans
(“NPLs”) and (2) special situations, such as bridge lending to performing companies.
Adviser primarily provides investment advisory and management services to ShoreVest
Distressed Credit, L.P., ShoreVest Credit Opportunities II, L.P., their feeder fund(s) and any
related parallel funds (collectively, “Funds”). The Funds are typically Cayman Islands
exempted limited partnerships and other investment vehicles that are exempt from
registration under the Investment Company Act of 1940, as amended, and whose interests
will not be registered under the United States Act of 1933, as amended (the “Securities
Act”).
Adviser may, in its sole and absolute discretion, offer certain investors or other persons,
including any limited partner (“LP”), strategic investor or related person, co-investment
opportunities through limited partnerships or other entities formed to make such
investments.
Adviser and its affiliates may establish, and serve as a partner, manager or in any other
capacity for, one or more RMB Funds which have investment objectives and strategies
substantially similar to those of the Funds and are formed to meet the needs
of certain
investors to make investments denominated exclusively in RMB (the “RMB Funds”).
Adviser or its affiliates may also sponsor and manage alternative investment vehicle(s) to
address the legal, tax, regulatory, and/or economic constraints.
Adviser will manage the Funds based on specific investment objective, strategies, investment
guidelines and restrictions set forth in the offering documents, partnership agreement,
and/or investment management agreements (as amended and supplemented from time to
time) (collectively, the “Governing Agreements”). Such restrictions may be waived in
certain cases with the consent of the advisory committee, if any, in accordance with the
Governing Agreements.
Adviser has approximately US$ 226,173,933 regulatory assets under management as of 31
December 2023, all of which it manages on a discretionary basis.
Ability to Tailor Services and Impose Restrictions
Adviser provides investment management services to the Funds as pooled investment
vehicles based on the specific investment objectives and strategies of the Funds and not
individually to LPs of the Funds. However, Adviser or its affiliates may from time to time
enter into a side letter or similar agreement with certain LPs that may entitle such LP to
establish rights (including economic or other terms) under or altering or supplementing a
Fund’s Governing Agreements. Such agreements may provide more favourable terms with
respect to (i) opting out of particular investments; (ii) reporting obligations of the Fund; (iii)
transfers to affiliates; (iv) co-investment opportunities; (v) withdrawal rights due to adverse
tax or regulatory events; (vi) consent rights to certain partnership agreement amendments.