News

2017

ADM Capital Sells Brikston Construction Solutions to Wienerberger AG

Oct 17, 2017

ADM Capital, a leading international private equity fund with 20 years of experience in emerging markets, acquired a 98% stake in Brikston Construction Solutions SA (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerberger AG of Austria. ADM Capital invested in Brikston through its flagship CEECAT Recovery Fund launched in 2011. This represents another in a series of recent successful exits for the CEECAT Recovery Fund, helping pave the way for the team to launch its follow-on CCL CEECAT Fund II in early 2018.

Fund Structures for Private Credit

Jul 12, 2017
Fund structures differ depending on the liquidity and maturity characteristics of the asset class
they invest in. Most commonly recognised and used are the classic (i) private equity closedend
fund structures which are used to house illiquid equity, and the (ii) open-ended or evergreen
hedge fund structures to hold public bonds/public equity.

Consistent Private Credit Strategy

Jun 16, 2017

The investing world is currently going through a curious phase. On one hand, the rally in the US equity markets continues undiminished, fuelled by expectations of a pro-business US administration enabling business growth. In theory, this should in turn lead to higher interest rate expectations and an upward shift in bond yield curves; however, notwithstanding the overnight price moves, yields in fixed income and corporate bond markets remain quite compressed, seemingly arguing for a “lower for longer” interest rate environment. Such mixed and continually changing signals therefore adds uncertainty and unpredictability to even the most fundamentally sound investment thesis, with the effects further amplified for emerging markets investors.

Convergence Design Funding

Jan 18, 2017
Convergence awards grant to ADM Capital and ADM Capital Foundation for design of financing facility for renewable energy and smallholder livelihood projects in Indonesia
 

Looking Back at 2016 and Looking Ahead in 2017

Jan 12, 2017

ADM Capital celebrated its’ 20th anniversary last year, and is one of few boutique credit fund managers with such a depth of experience investing in the Asia Pacific region. Our commitment to finding value in complex situations, our long-standing relationships, structuring know-how, as well as our ability to leverage experience across jurisdictions, economic cycles and transactions are key in delivering consistently attractive, risk-adjusted returns to our investors. Our actively investing Asian funds generated net returns of 10-12% in 2016, whilst the ADM Galleus Fund I, the firm’s oldest investment vehicle with a 1999 vintage, won “Best Fixed Income, Distressed and High Yield Strategy” at the October 2016 AsiaHedge Awards.