📋 Tender Overview
Project Number: 47915
Company Name: ADM ASLF III
Date SPI Disclosed: Jan 9, 2024
Country: East Asia and Pacific Region
Region: East Asia and the Pacific
Projected Board Date: Feb 16, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Asia & Pac
Project Description
The proposed investment is an IFC investment as an anchor investor for the lower of US$60 million or 20% of the total commitments in ADM Asia Secured Lending Fund III LP (ASLF III – Elkhorn or the Fund), which will be established and managed by Asia Debt Management Hong Kong Limited (ADM Capital or the Sponsor) and provide debt financing to small and medium-sized enterprises (SMEs) in emerging Asia that have strong fundamentals but have limited access to traditional lending (the Project). ASLF III – Elkhorn is a successor fund to Asia Secured Lending Facility Ltd (ASLF I) in 2012 and ADM Capital Somei Lending Platform Ltd (ASLF II) in 2016, in both of which IFC was an anchor investor. The Fund aims to support the development of smart cities to enable a smooth transition to urbanization across emerging Asia, reducing strain on resources and supporting the delivery of more efficient, competitive, sustainable economies through technology and innovation.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
