BNY Mellon has been selected by ADM Capital to provide fund administration, custody, foreign exchange and banking services across a number of their Asian private debt funds and lending facilities.
“We conducted an extensive review of different fund administration providers and we chose BNY Mellon because they are able to supplement their market-leading fund administration capabilities with the other value-added securities services, trading and banking services we were seeking for our private credit strategy,” said Alex Shaik, Partner, ADM Capital.
“We are delighted to partner with ADM Capital, a leading Asian private debt investor, as they look to significantly grow their business. This important relationship validates our expertise and continued investment in servicing the private debt market,” said Mark Nelligan, Asia Pacific Head of Alternative Investment Servicing, BNY Mellon.
ADM Capital has a Hong Kong-based Asian private credit strategy that was founded in 1998 and the firm now manages $1.6 billion in assets in Asia Pacific and Europe. With its long track record, and particular expertise in the Asia Pacific region, ADM Capital focuses on private transactions accessed through its extensive, proprietary sourcing network.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of September 30, 2018, BNY Mellon had $34.5 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.