adm-introduces-its-third-maculus-distressed-fund

ADM introduces its third Maculus distressed fund

The alternative fund manager finalises its Maculus hat-trick, and announces its expansion into Europe.
Alternative investment manager Asia Debt Management ADM has launched the third in its trio of hybridised private equity and distressed debtspecial situations funds branded under the name Maculus.

Aimed at large institutional investors and family offices, the third Maculus fund is intended to be the biggest of the three, following in the footsteps of the first pair, which closed with $138 million and $338 million respectively. Maculus two closed in January 2006 and is currently 65% drawn down. ADM hopes to have 75% of that fund invested by September.

It is still too early to determine returns with the second Maculus fund as it is not easy to benchmark it until exits take place...
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