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ADAM invests further USD300,000 into BRJ China Private Credit Fund

The AIM-quoted investment group Adamas Finance Asia (ADAM) is to invest a further USD300,000 into the BRJ China Private Credit Fund following an initial investment of USD500,000 last April.

The BRJ Fund provides capital for operationally-sound Chinese SMEs in need of short-term bridging finance not easily available within the People’s Republic of China.
 
It has already achieved successful exits from three early investments, yielding gross IRRs of 27.26 per cent, 31.83 per cent and 57.04 per cent on fully-repaid loans of USD2.1 million, USD2.4 million, and USD4.8 million, respectively.
 
The BRJ Fund was launched by Adamas Asset Management (HK) Limited, the Hong Kong-based investment management firm that since last February has been acting as ADAM’s investment manager.
 
ADAM chairman John Croft says: "This decision to make a further investment in BRJ reflects our awareness that the Adamas team in Asia has been delivering attractive returns both before and after becoming ADAM’s investment adviser. Adamas has a strong track record of securing high returns from investments backed by solid collateral, and this move further reinforces our commitment to building a refreshed portfolio of income-generating assets attractive to ADAM shareholders who seek high-yield investment opportunities focused on Greater China.”
 
With a team of 20 and offices in Hong Kong and Shanghai, Adamas now has more than USD600 million of assets under management. 

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