(PRWEB) October 20, 2010
Global Growth Advisors, a US-based consultancy is currently raising $75 million to buy distressed assets in emerging markets impacted by the global commercial real estate crash and the downturn in the hospitality industry. The firm will advise the fund through its Beijing office. Global Growth is setting its sites on Southeast Europe, the Middle East, Brazil and the US. Believing that tourism will rebound, Global Growth Advisors Managing Partner Roozbeh Aliabadi stated: "the demographics really have not changed and financially stable northern and western Europeans will continue to run to the sun for relaxation and recreation." The HK-based fund has already raised $25 million and plans to reach $75 million by the end of the year. Managing Partner Todd Palcic added that stable and transparent countries like Slovenia are targets. "Slovenia has it all, really. In May, you can ski in the morning in the Alps and literally drive 90 minutes to the warm Adriatic for a swim on the Slovenian or Croatian coast." Egypt, Oman, Kazakhstan and the Gulf States are other targets in addition to the Americas, where Brazil and the US still appear to have significant pockets of opportunity.
About Global Growth Advisors, LLC
GGA specializes in advising clients and investing in international opportunities through its broad network and years of global experience in recently developed and emerging markets. GGA is an international consulting firm headquartered in Pittsburgh, Pennsylvania, USA with a satellite office in Beijing, China. In addition to advising, GGA also finances and invests in start-up technology firms in the US and Europe, coaches management to entrepreneurial companies and embraces unique opportunities when they arise.