ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has invested US$30 million in Russia-based agricultural company Irrico. Irrico was formed by global investment bank VTB Capital in 2012 to acquire large scale operating farms in Southern Russia and install modern machinery and irrigation technology. The company intends to use the new financing to extend its area of irrigation. ADM Capital is the second institutional investor after the North Caucasus Development Fund to commit capital to Irrico.