- Business
- Adamas Finance Asia Limited (AIM: ADAM.L) is a London-quoted investment company that provides growth capital and financing to small and medium-sized enterprises (SMEs) across Asia, with a primary focus on Greater China; it offers structured private financing solutions including senior secured loans, convertible bonds, bridge loans, preferred equity, and loans with warrants or royalties to underserved SMEs in sectors such as agriculture, clean energy, consumer goods, food and beverage, healthcare, new materials, real estate, resources, fintech, hospitality, IT, and property. The company targets established and emerging SMEs with enterprise values under US$400 million and EBITDA below US$40 million, delivering uncorrelated risk-adjusted returns to shareholders through a diversified portfolio spanning multiple national geographies including China, Japan, Hong Kong, Singapore, Malaysia, Indonesia, and Vietnam, as well as various asset classes and instruments with average maturities of 24 to 36 months. Founded in 2014 and headquartered in Hong Kong at 12/F Infinitus Plaza, 199 Des Voeux Road Central, it originally listed via reverse takeover and trades on the AIM market of the London Stock Exchange and Frankfurt (FRA: 1CP), with investment management historically provided by affiliates such as Adamas Asset Management (HK) Limited and later Harmony Capital Investors Limited. In recent years, the company rebranded to Jade Road Investments Limited in January 2021 to better reflect its pan-Asian heritage and expanded investment scope; it executed key portfolio adjustments including a December 2019 share buyback in syndicate with third-party investors acquiring 52.7% of shares, a November 2019 acquisition of 40% in Infinity Capital Group's subsidiary Infinity TNP for US$7.2 million in shares, partnerships such as a Hong Kong family office co-investing in a senior secured loan to Infinity Capital Group in 2019, and ongoing fundraising via corporate bonds reaching approximately US$3.6 million in subscriptions by mid-2020 to support pan-Asian expansion, acquisition financing, and domestic growth amid increasing deal pipelines in distressed SME opportunities. The firm maintains no leverage at the investment level, emphasizes rigorous due diligence, downside protection through covenants and active asset management, and aims to generate sustainable income for progressive shareholder distributions from its portfolio of income-producing assets.