Adamas Finance Asia Limited announces that it has agreed to invest US$3 million in the Greater China Credit Fund
ADAM's investment represents its second contribution to the GCCF, taking its total investment in the fund to US\\$4 million, after an initial investment of US\\$1 million in 2013. GCCF has paid ADAM regular income distributions with a target dividend yield of 8% per annum. GCCF targets investments in a range of sectors including agriculture, natural resources, clean energy, consumer opportunities and health care, among others. ADAM's holding in GCCF also entitles it to participate in co-investment opportunities in proportion to its overall holding which potentially gains it access to additional direct investments.
The Company's investment in GCCF becomes possible as it re-deploys capital generated from its legacy asset portfolio into high yielding investments.
ADAM Chairman John Croft said: "We are delighted to be in a position to make this investment in GCCF which has been delivering strong results and I am hopeful we will be able to announce further investments before the year end, as referenced in our recently announced interim results."
Adamas Finance Asia focuses on funding growth capital to SMEs, predominantly in Greater China, to meet the underserved financing needs of such enterprises across various industries. The Company's investment strategy consists of collateralised lending, structured finance, and strategic finance. Its main focus is on asset backed structures to generate equity upside with credit-like downside protection.
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