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ADM Capital secures $100 mn seed funding from AIIB

The fund is called as the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund

ADM Capital, a Hong Kong-based company has secured $100 million of seed funding, media reports said. The fund was provided by the Asian Infrastructure Investment Bank (AIIB). It is reported that the company will utilise the funds to bolster its newly launched renewable energy debt fund.

The fund, which is called as the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund, will provide debt financing solution covering medium-term, senior and subordinated to cleantech developers and projects.

Chris Botsford, co-founding partner and joint chief investment officer, told the media, “ADM Capital was a pioneer in Asia’s private credit market and is the leader when integrating sustainability into the underwriting process. Renewable energy credit is the natural strategic expansion for ADM Capital. We are excited to be partnering with the AIIB, mobilising capital for the region’s entrepreneurs in their bid to deliver modern and essential renewable energy solutions to the region. There is intense pressure for companies and governments to meet the rapidly growing public demand for decarbonisation strategies across Asia Pacific economies. We intend to leverage the skills of our senior investment team and their private market expertise; ADM Capital’s origination networks and the deep energy sector experience of our specialist investment staff.”

AIIB is a multilateral bank based in Beijing. It has 103 member countries and currently has assets worth $1.6 billion under management.

ADM Capital is looking to scale up investments in Asia’s renewable energy space by partnering with new investors.

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