The Asia Climate-Smart Landscape Fund (ACLF) aims to build on two-decades of ADM Capital private lending, the integrated E&S risk management processes and practices honed over years of investing as well as ADMCF research and support. ACLF seeks to fill the gap in the market for medium to longer-term lending in the smaller ticket sizes (USD 5-20 million) where capital markets unit economics and even DFI investment is not cost effective. ACLF incorporates several blended finance instruments and will lend to SMEs engaged in sustainable agriculture production, land regeneration and forest protection. The Fund aims to finance SMEs that achieve both financial and sustainability returns.
The fund fills a structural credit gap in the Indonesian market. SMEs are critical to the economy yet struggle to access finance given perceived risk, smaller amounts and longer tenor needed. ACLF will help build new sustainable business models should serve as proof of concept for banks and other potential lenders.
ACLF will act as a demonstration fund in Asia where there are very few Asia-based, Asia-focused investment managers lending into agriculture despite the importance from an economic, social and environmental perspective.
The Elkhorn Lending Fund (ASLF III) aims to address funding gaps in sustainable urban development in Asia by providing medium term, senior and subordinated debt financing solutions.
With the Elkhorn Lending Fund, ADM Capital sees opportunity to extend private credit to support Asia’s urban transition to low-carbon economies. The fund offers investors an opportunity to deploy capital into Asia’s fast-growing sustainable infrastructure and smart city development while fulfilling positive impact investment objectives.
The TLFF consists of a Lending Platform and a Grant Fund. Under the Lending Platform, medium to long- term loans will be issued by TLFF and will be securitized through a Medium-Term Note (MTN) program where appropriate. The Grant Fund provides technical assistance and co-funds early-stage development costs, offering an opportunity for corporate and private foundations to leverage their funding with private finance.
The TLFF Secretariat, hosted by ICRAF, works in a collaborative manner with stakeholders and offers comprehensive support towards the achievement of the stated goals of the Tropical Landscapes Finance Facility. The Secretariat assists and provides administrative support to the TLFF Lending Platform, TLFF Grant Fund and all other related entities.