LaCrosse Global Fund Services and Capital Services Group, both New York firms, have announced the start of a strategic alliance to support hedge fund clients seeking distressed debt opportunities in Asia.

The alliance combines LaCrosseMortgage+TM service suite, a set of specialized fund administration and middle-office services for hedge funds and other alternative investments, with Capital's Pan-Asia loan servicing and workout offerings, the companies said Tuesday.

Capital Services Group offers its loan servicing, real estate asset management, technology and related services through a network of offices in Japan, Thailand, the Philippines, Singapore, Malaysia, Taiwan and China. It had $8 billion of assets under management at June 30. LaCrosse has offices in Bogotá, Buenos Aires, Caracas, Istanbul, London, Minneapolis, Moscow, New York, São Paulo and Singapore.

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