ADM closes ADB distressed debt fund
The Asian Development Bank partners with Hong Kong-based distressed debt manager to promote its developmental objectives.
The Asian Development Bank (ADB) has partnered with ADM Capital, a Hong Kong-based distressed debt manager, to launch the Asian Maculus Fund, a distressed debt fund that will invest in potentially viable, but financially distressed companies in Asia. The partnership fund has now been closed, after completing a capital raising of $138 million.
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