We believe that the social and environmental aspects of businesses ultimately influence returns. As such, we fully expect that our investments, whilst producing superior returns, should be based on ecologically sound principles.

ADMCF Signs Cooperation Letter with United Nations Development Program (UNDP)

ADMCF Signs Cooperation Letter with United Nations Development Program (UNDP) Link to UNDP Release   ADM Capital Foundation (ADMCF) and UNDP have signed a letter of intent to cooperate towards a shared vision of economic, social and environmental development in Asia. Collaboration between the organizations is expected to centre around unlocking investments that can transform…

ADM Capital Exits Project Joy 2

ADM Capital is pleased to announce that it has fully exited from its investment in Project Joy 2 achieving a 20% IRR and a 1.55x cash-on-cash multiple. Project Joy 2, the second with the same borrower, was an October 2017 senior secured lending to a Beijing based group of companies in the Information Technology sector.…

ADM Capital Asia Private Credit 2019 Sustainability Report

  ADM Capital Asia Private Credit Sustainability Report 2019 –   A Message From Our Founders –  Now more than ever, as we struggle globally with COVID-19, we need to reconsider our relationship with nature. As a zoonotic virus, for which bats and pangolins are reservoir hosts or amplifier hosts, we need to focus on…

ADM Capital Exits Project Runway

In February 2020 ADM Capital exited from Project Runway, a December 2018 mezzanine financing for the recapitalisation of a 33,000 sqm, five floor office building in Bundang, Korea, a populous and wealthy suburb of Seoul. The USD24m ADM Capital loan facility was the first of three mezzanine loans across two cities negotiated with the same…

ADM Capital Exits Project Skyride

In January 2020 ADM Capital exited from Project Skyride, a 2018 secured loan financing a Shanghai based private equity firm’s acquisition of Grouse Mountain, an iconic ski resort 15 minutes north of Vancouver, Canada. At disbursement, the USD43m three-year ADM Capital loan had an estimated 2.2x collateral coverage provided by a 100% first lien share…

White Paper: Integrating Environmental, Social and Governance (ESG) Policies and Practices into Investment Portfolios

  The potential for significant negative impacts on an investment portfolio from our changing climate, the dramatic loss of biodiversity in recent years, our emptying oceans, has been well documented but has not yet led private sector investors to act urgently to contain these risks. ADM Capital sees an opportunity to play a leadership role…

&Green Fund Makes Catalytic Investment in Natural Rubber Company in Indonesia through TLFF

Jakarta/Amsterdam, March 7th 2019 – The &Green Fund, a blended finance impact investment fund focused on forest protection and tropical forest commodities today announced that it is investing 23.75 million US dollars in sustainable, deforestation-free rubber in Indonesia. The investment will fund PT Royal Lestari Utama (RLU), an Indonesian joint venture of the French tire…

Charting Asia’s Protein Journey: Foreword by Rob Appleby

In a new report, Asia Research Engagement (ARE) examines the impact of growing affluence in Asia in terms of our need for protein and, more specifically, the environmental consequences of that protein journey. Commissioned by ADM Capital Foundation and ADM Capital’s Cibus Fund, the report reflects what I have observed over two decades investing in…

ADM Capital and Tejara Capital announce US$520m refinancing for International Oasis

[LONDON, 15th June 2018] ADM Capital, the London and Hong Kong-based private credit fund manager, working closely with Tejara Capital and Houlihan Lokey, has led a successful US$520 million refinancing for International Oasis Holding Company KSCC (“International Oasis”).   ADM Capital led a consortium of international investors including certain funds and accounts managed by Empyrean…

Consistent Private Credit Strategy

The investing world is currently going through a curious phase. On one hand, the rally in the US equity markets continues undiminished, fuelled by expectations of a pro-business US administration enabling business growth. In theory, this should in turn lead to higher interest rate expectations and an upward shift in bond yield curves; however, notwithstanding…

Capitalising on a Changing China

At ADM Capital, we source and structure our own deals. Although transaction sizes may typically be smaller and structuring may take more work than sponsored deals, we believe that the choice, control, relationships, potential value added and consistency of returns in self-sponsored transactions more than offset the efforts needed to make them work.

ADM Capital’s Project Hyatt Underscores the Strong Risk Adjusted Return Potential in Asian Private Credit

Our most recent exit has been our most successful yet – the USD20m Project Hyatt investment related to the property sector in Malaysia. Even in the current uncertain and volatile market environment where the Malaysian Ringgit declined over 30% during the investment period, we exited this investment in early February, making a gross IRR of…