Jade Road Investments expects more opportunities after pandemic

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(, ) chairman John Crofts said the company’s portfolio had “weathered the pandemic storm” in the first half of the year as it continued to be repositioned by investment manager Harmony Capital.

Harmony Capital has lately been driving the second of a three-phase investment strategy focused on exits, restructuring legacy assets and seeking investments in smaller fast-growing companies at the initial public offer or pre-IPO stages.

Crofts said the investment manager’s three-phase strategy has involved rehabilitating legacy assets, such as Future Metal Holdings Limited (FMHL) and Meize Energy, towards a full or partial exit and reinvesting the resulting cash into new income-generating assets, prioritising high-growth Asian SMEs in the healthtech, medtech and fintech sectors.

“With Asian SMEs increasingly starved of capital, Jade Road is assessing an exceptionally strong pipeline of investee candidates which, with an emphasis on credit instruments such as secured debt or non-mandatory convertible bonds, will result in a well-constructed portfolio with near-term downside protection.

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