EBRD Considering New Kazakhstan Capital Restructuring Fund

A proposal to establish the Kazakhstan Capital Restructuring Fund has passed structure review and is now slated for final approval consideration with the EBRD Board in February of next year. The proposed fund would be established with an EBRD commitment of an amount between €45 to €60 million, with Kazyna Capital Management and other potential investors taking the fund’s total value as high as €181.5 million. Asian investment firm ADM Capital has been tapped as Fund Manager.

Kazakhstan Capital Restructuring Fund
The Kazakhstan Capital Restructuring Fund seeks to help restore financial stability to Kazakhstan’s troubled corporations, providing needed capital to well-managed businesses which have heavy debt loads made worse by a slumping economy.

With a typical investment between €7.5 million and €15 million, the fund will assume and restructure existing debt for companies in a wide range of sectors. As part of the deal the EBRD will provide debt restructuring training to Kazakh banks and seek improved corporate governance for all its clients.

ADM Capital (www.admcap.com)
Based in Hong Kong, ADM Capital is an employee-owned investment management firm established in 1996. Through its ADM Galleus and Maculus Funds, ADM looks to invest in emerging and alternate markets worldwide. The firm invests primarily in Asia, focusing on recovery, debt-restructuring, and distressed asset opportunities. ADM believes in applying sound ecological and humanitarian principles in all its dealings, an idea which is reflected through naming their funds after specific species of fish. In addition to the Hong Kong headquarters, ADM has offices in London, Mumbai, and Guangzhou.