CUBE Capital launches Chinese NPL business
CUBE Capital today announced the launch of QBridge, an investment platform enabling access to the China non-performing loans (NPL) market.
QBridge is one of the few foreign investment groups to have a team on the ground in China. This team comprises seven professionals in Beijing and three in Hong Kong, all of whom have extensive experience of their local areas. Most of these professionals were co-founders of the Marbridge Group, having previously been partners at PricewaterhouseCoopers and advisers on Chinese NPLs since 2001 (when the first foreign investors started participating in the China NPL market).
QBridge has refined the usual China NPL business model. Its regional approach is based on strong ties with local servicing partners in the provinces adjacent to Shanghai and Beijing. The company's portfolios are comprised of medium-sized deals, each with a short recovery period, that would traditionally èfall beneath the radarî of investment banks operating in the region.
CUBE predicts QBridge will generate returns in excess of 20% per year and has invested its own capital and resources into the company over the past 12 months to validate this claim. QBridge now has a strong pipeline of portfolios in Zhejiang, Hebei, and Shanghai. It is now bringing co-investors into its portfolio acquisitions.
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CUBE Capital today announced the launch of QBridge, an investment platform enabling access to the China non-performing loans (NPL) market.
QBridge is one of the few foreign investment groups to have a team on the ground in China. This team comprises seven professionals in Beijing and three in Hong Kong, all of whom have extensive experience of their local areas. Most of these professionals were co-founders of the Marbridge Group, having previously been partners at PricewaterhouseCoopers and advisers on Chinese NPLs since 2001 (when the first foreign investors started participating in the China NPL market).
QBridge has refined the usual China NPL business model. Its regional approach is based on strong ties with local servicing partners in the provinces adjacent to Shanghai and Beijing. The company's portfolios are comprised of medium-sized deals, each with a short recovery period, that would traditionally èfall beneath the radarî of investment banks operating in the region.
CUBE predicts QBridge will generate returns in excess of 20% per year and has invested its own capital and resources into the company over the past 12 months to validate this claim. QBridge now has a strong pipeline of portfolios in Zhejiang, Hebei, and Shanghai. It is now bringing co-investors into its portfolio acquisitions.
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