ADM partners IFC on lending fund, targets $200m
The private-sector arm of the World Bank has handed $50 million in seed money to the Asia-focused platform, which aims to provide low-double-digit annual returns over its eight-year term.
ADM Capital, a Hong Kong-based private credit manager, is looking to raise $200 million for a lending platform in Asia, having already secured $50 million from IFC, the private-sector arm of the World Bank, and $50 million from another institution.
The ADM Capital Somei Lending Platform is seeing significant interest from other investors, with IFC’s involvement proving a strong draw, said Sabita Prakash, head of investor relations and business development at ADM. Private debt is a…
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