Temasek-backed Seviora Holdings to acquire a minority stake in ADM Capital.

Temasek-backed Seviora Holdings, a Singapore-based asset management group, agreed to acquire a minority stake in ADM Capital, a private credit fund manager. Financial terms were not disclosed. "We are always on the lookout for unique and compelling opportunities to expand our product suite and capabilities. With the private credit landscape in Asia growing rapidly, Seviora has been actively seeking opportunities to invest in asset managers that add scale and expertise to our private credit franchise. While the partnership remains subject to regulatory approvals and other business conditions, we are pleased that it is progressing well, and are hopeful for a successful partnership completion within the fourth quarter of this year," Jimmy Phoon, Seviora Holdings CEO.