Shoreline Capital, a fund manager focused on distressed debt and special situation investments in China, has reached a US$500 million final close for Shoreline China Value III, as well as a first close for its associated overflow fund at US$115 million. At the time of its final close, about half of Shoreline China Value III’s US$500 million had already been invested, with almost 1,000 non-performing loans in its portfolio. Investors in both funds included government and private pensions, endowments, foundations, insurance companies, family offices and high net worth individuals.