The latest in funds and investments across Asia-Pacific.

ADM Capital
ADM Capital, a Hong Kong- and London-based private credit investment manager, has held the final close for its Asia Secured Lending Facility II (ASLF II) with proceeds raised of $178 million. ASLF II received $50 million and $10 million in commitments, respectively, from the Overseas Private Investment Corporation, the US Government’s development finance institution, and Calvert Impact Capital.  

IFC, a member of the World Bank Group, alongside another investor, provided initial seed capital in 2016 and the Facility - also known as the Somei Lending Platform - has already made seven investments since its first close in September 2017.

ADM Capital manages more than $1.6 billion in private market assets.

JLL
The term “liquid lab” might normally apply to a place for testing a new beverage but the real estate and investment group JLL applies the term in Asia to fixing how to develop managing commercial workspace so that clients can make most of their property assets. 

The organisation has launched a pilot project of JLL Liquid Lab in a co-working facility in central Singapore, it said yesterday.

The lab will enable established corporation and new firms to develop and test products that solve work space problems, such as handling occupancy levels. The environment allows the initial firms – Dell, Haworth, uHoo, Humanscale and PointGrab – to test ideas and products and then use the insights to improve or scale their offerings.

According to JLL’s Workplace: Powered by Human Experience Global Report, about 90 per cent of companies look outside of their firm for expertise to adapt, innovate and progress their workspace.

“We know our clients are looking for support to tackle their toughest workspace challenges, and JLL Liquid Lab allows us to recreate those hurdles and learn from them in a living test environment,”  Albert Ovidi, chief operating officer, JLL Asia Pacific, said.

JLL is a major investment house, overseeing $59.5 billion of assets under management as of the end of September this year, falling 1 per cent in dollar terms from the end of June. Dispositions and withdrawals, and some forex movements, affected the AuM figure. JLL is the brand name of Jones Lang LaSalle.