ADMC sees Thai opportunities abound

Private equity players are concentrating on big North Asia deals. Good, all the better for us, says Thai fund manager.

Asian Direct Capital Management ADMC, a majority-owned affiliate of State Street, has made its first investments on behalf of the Thai Recovery Fund TRF, and hopes to expand the fund size from $50 million to $100 million later this year, says Raymond Hood, managing director at Asian Direct.

As a result, the fund's four shareholders รป State Street, the Japan Bank for International Cooperation JBIC, Germany's Kreditanstalt fur Wiederaufbau KfW and the Asian Development Bank ADB...

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