ADM, IFC launch $200m lending platform

IFC and ADM Capital will support SME development in Asia through its new lending vehicle.

IFC, the investment arm of the World Bank Group, has partnered with global asset manager ADM Capital to launch a $200 million lending platform in Asia known as The ADM Capital Somei Lending Platform.

According to a statement, the Somei Platform involves syndicated loans with a revolving senior tranche plus a junior tranche and principal repayment to investors after eight years.