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
“Our commitment at the outset will demonstrate to potential institutional investors the compelling opportunities in
financing smaller companies working in the renewables sector in emerging Asian countries,” said AIIB director
general (Banking) Dongik Lee, in a statement.