Adamas-Ping An JV soft-launches credit fund after delay
The joint-venture's new private credit fund aims to mitigate rising default risk in China by getting closely involved in the financial management of the SMEs it is financing.
Hong Kong-based Adamas Asset Management and China’s Ping An Trust have unveiled details of an SME-financing fund they have soft-launched, citing strong demand for capital from smaller mainland corporates.
It is a few months behind the original schedule and comes amid rising concerns about default risk among Chinese corporates. The joint venture, Adamas Ping An Co-Management, had reportedly previously planned to close it in the second quarter of this year, but is now looking to cl…
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