- Strategic partnership still subject to conditions
- Completion expected in Q4 this year
Singapore / Hong Kong, 15 July 2024, Seviora Holdings (“Seviora”) and ADM Capital have agreed terms of a partnership that is expected to see Seviora taking a minority stake in ADM Capital.
ADM Capital is a leading private credit fund manager, focused on providing flexible, tailored credit solutions to mid-market corporates and entrepreneurs across Asia Pacific. The firm integrates sustainability factors into its investment process to enhance risk management and create long-term value.
This move comes as Seviora expands and enhances its private credit offering across the region, including capturing further opportunities in the underbanked and underserved middle market. Both firms will collaborate and build on ADM Capital’s well-established sustainability-integrated investment strategy focused on mid-market corporates.
The partnership will provide clients of Seviora and ADM Capital access to a broader range of products across the private credit spectrum.
Seviora Holdings’ CEO, Jimmy Phoon says, “We are always on the lookout for unique and compelling opportunities to expand our product suite and capabilities. With the private credit landscape in Asia growing rapidly, Seviora has been actively seeking opportunities to invest in asset managers that add scale and expertise to our private credit franchise. While the partnership remains subject to regulatory approvals and other business conditions, we are pleased that it is progressing well, and are hopeful for a successful partnership completion within the fourth quarter of this year.”
ADM Capital will join Seviora’s well-capitalised, institutional platform of leading asset managers focused on active and alternatives strategies in Asia Pacific.
“We are delighted to partner with Seviora to continue to scale our offering and engage with the vast market opportunity ahead. Culturally the teams are closely aligned with innovation being a priority. APAC accounts for one third of global GDP and two thirds of incremental global growth, yet only seven per cent of global private credit assets is located in the region. This underscores the magnitude of private credit investment opportunities in this market, and we are excited to bring greater access for our and Seviora’s clients” adds Christopher Botsford, Founding Partner of ADM Capital.
Further details on the partnership will be shared upon completion and following all regulatory approvals.
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Notes to Editors
For more details on Seviora Holdings, please visit www.sevioragroup.com and for more details on ADM Capital please visit www.admcapital.com
For further enquiries on Seviora, please contact:
Email: seviora@fticonsulting.com
Telephone: +65 6831 7896
For further enquiries on ADM Capital, please contact:
Email: admcapital@secnewgate.hk
Telephone : +852 5225 7820
About Seviora Group
Seviora Group, a Singapore-headquartered independent asset management group with US$52 billion in assets under management, wholly owned by Temasek. The Seviora Group provides global investors access to a wide range of investment strategies in both public and private markets. The Group has a strong talent pool of over 250 investment professionals, supported by more than 170 staff, with primary presences in Singapore, India and China.
The Seviora Group is aligned with the interests of its investors via its significant investments in its underlying funds, by way of both investment capital and resources, giving them scale and a competitive edge.
The Seviora Group’s asset management companies include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, Seatown Holdings International and Seviora Capital.
About ADM Capital
With more than 25 years’ experience in private credit across Asia Pacific, ADM Capital is a leading alternative credit fund manager focused on providing flexible capital solutions to the region’s mid-market corporates and entrepreneurs.
ADM Capital is active across developed and emerging APAC markets and currently manages ~USD1.7bn on behalf of its global institutional client base and has invested over USD6bn across 220 loans since inception.
Headquartered in Hong Kong with a regional footprint, ADM Capital has successfully invested across market cycles, prioritising downside protection, the preservation of capital and risk-adjusted performance.
ADM Capital believes that the social and environmental aspects of business ultimately influence performance and refinancing risk. The firm therefore integrates sustainability factors into every investment diligence process and loan document, and works closely with the ADM Capital Foundation, an impact-driven, environmentally-focused foundation seeking to make positive change across APAC.
Disclaimer:
This press release is provided solely for informational purposes only, and is not deemed to be, nor shall it constitute or be construed as, an advertisement, offer, invitation, recommendation or investment advice by Seviora Group to sell or issue to or a solicitation to subscribe for or buy any interest or assets from Seviora Group, its affiliates, or any of its investee companies, nor shall any securities in or assets of Seviora Group or any other entity be offered, issued or sold to any person in any jurisdiction pursuant to this press release.
Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of this press release, and any data, projections, management forecasts and forward-looking statements are based on current expectations, estimates, projections, opinions and beliefs of Seviora Group and subject to prevailing conditions at such date, all of which shall not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances, changes and developments occurring after the date hereof. The statements contained herein involve known and unknown risks, uncertainties and other factors, and no statement should be read as a guarantee or prediction of future outcomes, and undue reliance should not be placed thereon. In preparation of these materials, Seviora Group may have relied upon and assumed, without independent verification, the accuracy and completeness of certain information provided by its affiliates or on other information available from external sources. The delivery of the press release shall not at any time or under any circumstance create an implication that the information contained herein is correct as of any time after such date. Any view expressed herein as of the date of this press release is subject to change at any time without notice.
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