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ADAM to invest a further $3m in Adamas' GCCF

5th Oct 2015 07:00

RNS Number : 1572B
Adamas Finance Asia Limited
05 October 2015
 

ADAMAS FINANCE ASIA LIMITED

 

ADAMAS Finance to Invest A Further US$3 Million IN AdamAs' GreatER China Credit Fund

 

Adamas Finance Asia Limited ("ADAM" or the "Company") today announces that it has agreed to invest US$3 million in the Greater China Credit Fund ("GCCF") managed by Adamas Global Alternative Investment Management Inc. (including its affiliated companies, referred to as "Adamas"). Adamas has acted as investment manager for the Company since February 2014.

 

ADAM's investment represents its second contribution to the GCCF, taking its total investment in the fund to US$4 million, after an initial investment of US$1 million in 2013. GCCF has paid ADAM regular income distributions with a target dividend yield of 8% per annum. GCCF targets investments in a range of sectors including agriculture, natural resources, clean energy, consumer opportunities and health care, among others. ADAM's holding in GCCF also entitles it to participate in co-investment opportunities in proportion to its overall holding which potentially gains it access to additional direct investments.

 

The Company's investment in GCCF becomes possible as it re-deploys capital generated from its legacy asset portfolio into high yielding investments. 

 

ADAM Chairman John Croft said: "We are delighted to be in a position to make this investment in GCCF which has been delivering strong results and I am hopeful we will be able to announce further investments before the year end, as referenced in our recently announced interim results."

 

Adamas Finance Asia focuses on funding growth capital to SMEs, predominantly in Greater China, to meet the underserved financing needs of such enterprises across various industries. The Company's investment strategy consists of collateralised lending, structured finance, and strategic finance. Its main focus is on asset backed structures to generate equity upside with credit-like downside protection.

 

Enquiries:

 

Adamas Finance Asia Limited

John Croft +44 (0) 1825 830587

 

WH Ireland Limited

Tim Feather +44 (0) 113 394 6600

Liam Gribben

Edmond de Rothschild Securities (UK) Limited +44 (0) 20 7845 5950

John Armstrong-Denby

Hiroshi Funaki

Ryan Communication (Hong Kong)

Scott McFarlane +852 6297 3801

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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