ADM Capital raises US$630m to target Asia-Pacific SMEs
Firm fears traditional lenders will favour top-tier clients amid Covid-19 troubles
28 Apr 2020 | The Asset

ADM Capital, the Hong Kong-headquartered investment manager has raised US$630 million in new assets, which it will be investing in the Asian private credit markets, targeting small and medium-sized enterprises.    

"The impacts of Covid-19 compound daily,” says Chris Botsford, ADM’s co-founding partner and joint chief investment officer. “And whilst the extent of the economic disruption is still unknown, we believe small and medium enterprises will be disproportionately affected as traditional lenders prioritise top-tier clients and their requests for urgent working capital."

The new funds take ADM’s total assets under management to US$2.4 billion

As well, ADM has hired Neil Harvey, Credit Suisse’s former chief executive officer for Hong Kong and Greater China and head of Asia-Pacific asset management, as the executive chairman of its Asia-Pacific private credit team in Hong Kong.

Neil has been engaged to align ADM for an anticipated expansion in the Asia-Pacific private credit industry. The firm will expand its staff in the region and seeks to raise additional capital over the coming months. 

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