ADM Capital launches renewable energy fund with $100m from AIIB

Source: Karsten Würth/Unsplash

Hong Kong-based investment management firm ADM Capital has received a seed commitment of $100 million from Asian Infrastructure Investment Bank (AIIB) to launch a USD-denominated, Asia-focused private debt fund to invest in the renewable energy industry, the firm announced on Monday.

The new vehicle – ADM Capital Elkhorn Emerging Asia Renewable Energy Fund – will be ADM Capital’s 10th direct lending private credit fund. The vehicle aims to address unfulfilled funding needs in Asia’s renewable energy sector by providing medium-term, senior and subordinated debt financing solutions to renewable energy projects and developers.

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