Adamas Finance Asia (AFA), an AIM-quoted investment firm, has agreed to invest US$500,000 into an investment fund run by its Hong Kong-based investment manager Adamas Asset Management.
The new investment is being made into the BRJ China Private Credit Fund, which was launched in August 2013 by Adamas that acted as AFA’s investment manager since February 2014.
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Through the new investment, the fund seeks to target returns of 24%-30% per annum through asset-backed investments into growth companies in China.
The BRJ China Private Credit Fund aims to distribute an annual dividend of 8%, payable semi-annually.
Under the deal, AFA will subscribe for 500 Class A$1,000 shares in BRJ.
The move follows a first dividend distribution of US$75,300 from an earlier US$1million investment made last year into the fund.
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By GlobalDataJohn Croft chairman AFA said: "This decision to invest in BRJ underscores our commitment to building a refreshed portfolio of income-generating assets attractive to investors who are seeking a high-yield investment opportunities focused on Greater China. Following our recent restructuring as Adamas Finance Asia Limited, we are now positioned to benefit from the investment advice provided by the Adamas team in Asia, which has a strong and proven track record of identifying and managing investments into high-growth businesses."
