ADM Capital × Trident Capital Advisors
For LPs, GPs and funds with stranded private-market positions.
When value remains but liquidity, management capacity or conventional exit routes have broken down, Evenflow brings together ADM Capital and Trident Capital Advisors to unlock stranded value through restructuring, enforcement and active asset management — driving positions toward liquidity, recovery and realisation.
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Situations
Private-market positions can retain meaningful underlying value even when the original route to exit, liquidity or recovery is no longer working.
01
A position remains valuable, but the expected exit has moved well beyond the original investment horizon.
02
A vehicle needs to wind down while residual positions remain difficult to realise without destroying value.
03
A position has become too complex or resource-intensive for the incumbent team to manage effectively.
04
Manager economics, governance or stakeholder priorities are no longer aligned around the desired outcome.
05
Underlying businesses require restructuring, operational intervention or specialist workout capability.
06
A holder may want specialist management to execute a prescribed or forced exit route when the incumbent arrangement is no longer delivering.
Why Evenflow
A strategic partnership bringing together two of Asia’s leading special situations and restructuring specialists, combining ADM Capital’s investment-management capabilities with Trident Capital Advisors’ restructuring and recovery expertise.
Our Approach
Each mandate depends on the circumstances, but the process follows five clear stages — from identifying the situation and assessing risk through to active execution and realisation.
01
Identify stranded LP / GP positions where specialist support is required.
02
Scope value, key risks, control levers and available exit or recovery routes.
03
Structure positions within ADM Capital’s regulated, reporting-ready platform.
04
Implement the agreed route through management intervention, restructuring or recovery actions.
05
Execute a disciplined work-out focused on maximising recovery and moving the position toward realisation.
Partner Track Record
Selected Experience
A US$58m senior secured loan funded a Chinese media group’s acquisition of a U.S. comic-IP publisher. Following borrower default, ADM Capital issued a Notice of Default, appointed receivers over 93.7% of shares and replaced both boards. A Lazard-run sale process subsequently enabled a clean 100% exit.
An APAC PE fund reached the end of its term with performing, stressed and disputed positions remaining. The platform assumes management of the residual positions so the GP can close the fund, while restructuring, sale and recovery routes are pursued for each asset.
If you are an LP, GP or fund holder managing a stranded, stressed or end-of-life private-market position in APAC, speak with the Evenflow team.
