Yangtze Special Situations Fund L.P. is a discretionary China-focused distressed investment fund which closed in April 2004 with $92.8 million of capital commitments (along with an additional $2.6 million raised through co-investment vehicles). Limited partners include financial institutions and high net worth individuals.

The Yangtze Fund has committed or reserved capital representing 57% of the partnership's total commitments for three consummated and pending transactions, with an aggregate capitalization of approximately $212 million. Transactions consummated and pending include investments in one operating company that utilizes or has a significant dependence upon real estate, one commercial development and one direct investment in real estate.