The renaming follows the completion of an agreement announced last December which sees control pass to Hong Kong-based asset management group Adamas Asset Management.
The agreement includes a seven-year $20m joint investment programme, initially to be funded by $5m of new capital to be raised by a placing.
Adamas has approximately $500m under management, and focuses on mezzanine investment. AMA’s strategy target SME’s needing capital in Asia, with a focus on Greater China. Transactions will be structured as senior debt, bridge loans, mezzanine finance and other types of structured private financing, with a targeted internal rate of return of 20 per cent per annum.
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