Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF accomplished its ultimate close in 2022, and the top-tier investors KPPCF brought in feature top global institutional financiers for example, the Alberta Financial Investment Management Corporation in support of certain of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor in behalf of an individually regulated account, alongside Manulife.
The platform was established in 2015 by Clifford Capital. After the effective deployment of its first exclusive loan fund, Clifford Capital Holdings and also Keppel developed an alliance in 2020. Both affairs also viewed their joint sponsorship of the 2nd private credit budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I would love to give thanks to Keppel, Clifford Capital and also the Pierfront Capital team for all their assistance and effort in creating the Pierfront Capital system. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its attention to some other tactical campaigns, we eagerly anticipate proceeding our broad as well as multi-faceted connection with Keppel and also I want Pierfront Capital and Keppel the best for the future,” says Rajeev Kannan, outbound chairman of Pierfront Capital and also non-executive supervisor of Clifford Capital.
Keppel Corporation has already become part of a sales and acquisition arrangement (SPA) to get the remaining 50% stake it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was gotten from Clifford Capital Holdings.
” Our company believe that the exclusive credit investment class secures encouraging long-term growth capability especially in today’s unpredictable economic landscape as well as tighter debt industry. We are eager concerning possibilities in the Asia-Pacific region, where we observe an expanding number of firms seeking specialised intermediate funding options,” states Christina Tan, CEO of finance management and also main financial investment officer of Keppel.
” Our team believe that the expanding requirement for alternative borrowing services, integrated with Keppel’s deep networks and also considerable operating expertise within the real investment market, will strategically position Pierfront’s occurring and upcoming trust money to grab chances in Asian private debt industry. This strategy will permit us to offer financiers attractive risk-adjusted yields with disadvantage protection,” she includes.
Pierfront Capital provides bespoke private credit financing options in real asset sectors. It focuses on business lending to managing firms with defensive infrastructure-like business systems, across real asset sectors in Asia Pacific, like power, transportation, telecommunications, together with social infrastructure and logistics.