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…

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…