Launches & Closures

ADM sets sights on stressed ex-Soviet republics


The $1.7 billion Asian distressed specialist, ADM Capital, is shortly setting up offices in Almaty in Kazakhstan, and Kiev in Ukraine, as a part of its search for investment opportunities in former Soviet Union republics.

The Hong Kong-based firm, which launched the ADM CEECAT Recovery Fund, its maiden offering focused on Central and Eastern Europe, Central Asia and Turkey, in April, is now rolling out a dedicated fund that will capitalise on the recovery story in the former Soviet republic of Kazakhstan.

The ADM Kazakhstan Capital Restructuring Fund will invest in stressed situations in Kazakhstan, as well as