Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The program was developed in 2015 by Clifford Capital. Right after the successful implementation of its initial private credit fund, Clifford Capital Holdings as well as Keppel developed an alliance in 2020. The two affairs also saw their joint sponsorship of the 2nd nonpublic credit budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” We believe that the growing demand for alternate loaning solutions, combined with Keppel’s deep organizations and also comprehensive running knowledge within the real investment industry, will tactically place Pierfront’s existing as well as upcoming trust money to seize possibilities in Asian special debt industry. This method will enable us to supply financiers attractive risk-adjusted returns with disadvantage security,” she adds.
Pierfront Funding supplies bespoke private credit funding services in real asset markets. It concentrates on corporate loaning to managing firms with defensive infrastructure-like business systems, throughout real investment industries in Asia Pacific, including power, transport, telecoms, together with social infrastructure along with logistics.
KPPCF attained its finishing close in 2022, and even the top-tier real estate investors KPPCF brought in consist of major worldwide institutional capitalists just like the Alberta Financial Investment Management Firm in behalf of some of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of a separately managed account, together with Manulife.
Keppel Firm has already become part of a sales also purchase agreement (SPA) to acquire the remaining 50% risk it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was obtained coming from Clifford Capital Holdings.
” I want to give thanks to Keppel, Clifford Capital and also the Pierfront Capital group for all their support and also effort in creating the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to some other tactical efforts, we eagerly anticipate continuing our wide and also multi-faceted partnership with Keppel and I desire Pierfront Capital and Keppel the very best for the future,” claims Rajeev Kannan, outbound chairman of Pierfront Capital and non-executive executive of Clifford Capital.
” We believe that the discreet credit asset class carries encouraging long-lasting development capability particularly in today’s unpredictable economic landscape and also tighter credit markets. We are enthusiastic about possibilities in the Asia-Pacific place, where we observe an increasing number of companies seeking dedicated intermediate capital services,” says Christina Tan, chief executive officer of fund management and also main financial investment officer of Keppel.