Orrick has advised nonprofit impact investing firm, Calvert Impact Capital, in its investment in ADM Capital’s $178 million Asia Secured Lending Facility. ADM is a Hong Kong and London-based private credit investment manager. The company plans to use the additional capital to make bilateral, direct loans to small and medium enterprises across Asia with equity participation and profit-sharing mechanisms used to enhance returns. IFC, a member of the World Bank Group, alongside another investor, provided initial seed capital into the fund in 2016. The fund has already made a number of investments since its first close in September 2017.
An Orrick pro bono team of Stephen Phillips and Siobhan Sheridan advised Calvert.