ADM Capital raises $178m

The Hong Kong- and London-based private capital manager closes second Asia-focused lending fund.

ADM Capital has garnered $178 million for its second Asia-focused lending fund, Asia Secured Lending Facility II. ADM Capital’s secured direct lending strategy targets mid-market corporates across Asia-Pacific with a typical loan size ranging from $20 million to $50 million per transaction. The fund is looking mainly at China, Indonesia and Thailand as well as several frontier markets, including Cambodia, Myanmar and Mongolia.

Fund II’s investor base includes the Overseas Private Investment Corporation, a state-backed development finance institution in the US, and Calvert Impact Capital, a non-profit investment firm.

The second fund in the series for the firm’s direct lending strategy, Fund II is a follow up vehicle of ADM’s first Asia-focused secured lending facility, ADM Capital Somei Lending Platform, which held a final closing on $123.5 million.