Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Keppel Firm has already participated in a sales and acquisition contract (SPA) to acquire the maintaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was obtained from Clifford Capital Holdings.
KPPCF achieved its ultimate end in 2022, and even the top-tier investors KPPCF brought in include major global institutional capitalists just like the Alberta Investment Management Corporation on behalf of particular of its clients, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an independently regulated account, together with Manulife.
The program was set up in 2015 by Clifford Capital. Right after the outstanding implementation of its initial private loan fund, Clifford Capital Holdings and Keppel developed a collaboration in 2020. The two affairs also observed their joint sponsorship of the second exclusive debt budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our team believe that the private credit investment class holds encouraging long-term growth potential specifically in today’s unstable economic landscape and also tighter debt markets. We are eager concerning possibilities in the Asia-Pacific place, where we observe an expanding number of business seeking specialised intermediate capital solutions,” says Christina Tan, CEO of money management and also chief financial investment officer of Keppel.
” I would love to say thanks to Keppel, Clifford Capital and also the Pierfront Capital group for all their support and attempt in establishing the Pierfront Capital platform. Clifford Capital continues to be a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to other calculated initiatives, we anticipate continuing our broad as well as multi-faceted relationship with Keppel and also I want Pierfront Capital and also Keppel the best for the future,” states Rajeev Kannan, outbound chairman of Pierfront Capital as well as non-executive supervisor of Clifford Capital.
” We believe that the expanding demand for alternate financing solutions, integrated with Keppel’s deep networks and comprehensive operating experience within the real investment sector, will strategically position Pierfront’s existing as well as upcoming loan budget to take possibilities in Asian special debt industry. This strategy will enable us to offer investors desirable risk-adjusted yields with drawback security,” she includes.
Pierfront Funding supplies bespoke private loan financing options in real property sectors. It focuses on business loaning to operating companies with defensive infrastructure-like organization designs, throughout real asset markets in Asia Pacific, such as energy, transport, telecommunications, in addition to social infrastructure and logistics.