PROJECT

Projects

Summary of Investment Information

Project Number

49870

Company Name

GICAM ADOF II

Date SPI Disclosed

Sep 30, 2024

Country

Southeast Asia Subregion

Region

East Asia and the Pacific

Projected Board Date

Nov 15, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 7, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

other

Previous Events

Approved : Nov 19, 2024
Signed : Jun 24, 2025
Invested : Aug 5, 2025

Sector

other

Project Description

The proposed project entails an IFC investment as an anchor investor in Asia Debt Opportunities Fund II (ADOF II or the Fund). The Fund will focus on distressed debt, special situations, asset-backed credit portfolios as well as single assets and will have a life of up to 8 years. ADOF II will be managed by GI Capital Management Ltd (GICAM or the Company), a Japan-based manager with US$754 million of Assets under Management (AUM) and over 20 years of credit experience. The Fund is targeted at US$300 million, with first close aimed at US$100 million. IFC’s investment is proposed at the lower of up to US$30 million or up to 15% of the Fund commitments. ADOF II’s geographical scope will be pan-Asia spanning across various sectors and asset classes.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation