Adamas Finance signs up partner for Japan ski investment – Adamas Finance Asia (ADAM) has this morning announced that further to the announcement made on 6 December 2018, a family office based in Hong Kong has agreed to participate alongside ADAM in its senior secured loan note facility provided to Infinity Capital Group (ICG). ICG develops premium residential projects in Hirafu Village, a ski village in Niseko, Japan – one of the most popular winter travel destinations in the world.
ADAM has noted that the terms of the loan facility remain the same, being a principal amount of US$4m, that can be drawn down by ICG in two equal tranches of $2m and paying a coupon of 17.5% per annum in cash. The loan facility is secured by real estate assets which form part of ICG’s portfolio in Niseko.
We note that QuotedData met with ADAM earlier this month – click here to read the story.
ADAM focuses on delivering long-term income and capital growth through a diverse portfolio of pan-Asian investments. It aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes from the Asian small and medium enterprise sector.
The company’s investment manager, Harmony Capital, sources predominately private opportunities and has created a pipeline of income generating assets from potential investments in industries such as healthcare, fintech, hospitality, IT and property across Asia.
ADAM: Adamas Finance signs up partner for Japan ski investment