Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Pierfront Capital supplies bespoke exclusive credit financing options in real property fields. It concentrates on corporate financing to managing business with defensive infrastructure-like organization designs, throughout real investment fields in Asia Pacific, such as power, transport, telecommunications, in addition to social infrastructure and even logistics.
KPPCF attained its finishing end in 2022, and even the top-tier investors KPPCF attracted include leading global institutional capitalists just like the Alberta Financial Investment Management Company in behalf of certain of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an independently supervised account, as well as Manulife.
” Our team believe that the discreet trust resource class holds promising long-term growth opportunity particularly in today’s unstable financial landscape and tighter credit industry. We are passionate concerning possibilities in the Asia-Pacific area, in which we see an increasing number of companies seeking specialised intermediate capital services,” says Christina Tan, CEO of money management and chief financial investment specialist of Keppel.
” I wish to give thanks to Keppel, Clifford Capital as well as the Pierfront Capital team for all of their support and also effort in creating the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital switches its interest to some other tactical initiatives, we eagerly anticipate continuing our wide and also multi-faceted relationship with Keppel and I wish Pierfront Capital and also Keppel the very best for the future,” claims Rajeev Kannan, outgoing chairman of Pierfront Capital and non-executive executive of Clifford Capital.
The program was established in 2015 by Clifford Capital. After the effective implementation of its initial private loan fund, Clifford Capital Holdings and Keppel developed a collaboration in 2020. Both affairs also observed their shared sponsorship of the second private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our company believe that the growing demand for alternative loaning solutions, incorporated with Keppel’s deep networks and also extensive operating expertise inside the real property sector, will tactically position Pierfront’s occurring as well as upcoming loan funds to take possibilities in Asian exclusive debt industry. This method will enable us to provide investors attractive risk-adjusted gains with drawback security,” she adds.
Keppel Corporation has actually participated in a sales plus purchase contract (SPA) to get the maintaining 50% risk it does not possess in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was obtained from Clifford Capital Holdings.