ADM Capital eyes essential coronavirus lending as fundraise brings AUM to $2.4bn

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Hong Kong investment manager ADM Capital has brought its assets under management to $2.4bn following its latest credit-focused capital raise.

ADM said it had hauled in another $630m to target Asian credit deals for mid-sized companies.

The firm also revealed it had brought in Credit Suisse’s former Head of Asia Pacific Asset Management Neil Harvey as executive chairman in its Asia Pacific private credit team.

ADM said it brought in Harvey as part of an anticipated expansion in the Asia Pacific credit industry, which will see it raise additional capital and expand its staff over the coming months.

The firm, which has a two-decade track record investing in Asian credit, lends across developed, emerging and frontier economies.

Chris Botsford, co-founding partner and joint CIO, said, “The impacts of Covid-19 compound daily 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.

“We are experienced in underwriting structures that solve borrowers’ idiosyncratic problems, in the context of both growth and restructuring.”

Repeat borrowers are an important source of ADM Capital’s deal origination.

Botsford added, “We act as advisors to our borrowers, adding additional value. We understand their unique situation and use our experience and regional network to help solve problems and navigate periods of uncertainty.”

ADM added that it believes that social and environmental considerations influence returns, and will continue to prioritise companies with proven environmental and social credentials.

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