Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The platform was set up in 2015 by Clifford Capital. Right after the successful deployment of its very first exclusive loan fund, Clifford Capital Holdings as well as Keppel established a partnership in 2020. Both affairs also viewed their shared sponsorship of the second private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our team believe that the expanding demand for different borrowing solutions, incorporated with Keppel’s deep organizations and extensive running experience inside the real asset industry, will strategically position Pierfront’s presenting and upcoming credit money to grab possibilities in Asian private debt industry. This strategy will allow us to supply investors desirable risk-adjusted profits with drawback security,” she adds.
Pierfront Capital provides bespoke nonpublic credit financing options in real asset sectors. It focuses on corporate loaning to managing business with protecting infrastructure-like organization models, across real property fields in Asia Pacific, including power, transportation, telecoms, along with social infrastructure and logistics.
Keppel Corporation has actually become part of a sales and purchase contract (SPA) to acquire the remaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was acquired from Clifford Capital Holdings.
” Our team believe that the private trust asset class holds encouraging lasting growth opportunity especially in today’s unpredictable financial landscape as well as tighter credit industry. We are passionate about opportunities in the Asia-Pacific region, in which we see an expanding number of business seeking specialised intermediate capital services,” claims Christina Tan, chief executive officer of fund management including main investment specialist of Keppel.
KPPCF accomplished its ultimate end in 2022, and even the top-tier investors KPPCF attracted consist of major international institutional investors such as the Alberta Financial Investment Management Firm in support of particular of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an individually managed account, together with Manulife.
” I would love to thank Keppel, Clifford Capital as well as the Pierfront Capital group for all of their assistance and effort in developing the Pierfront Capital platform. Clifford Capital remains a co-sponsor of KPPCF with Keppel. As Clifford Capital switches its interest to other strategic initiatives, we eagerly anticipate continuing our wide and multi-faceted relationship with Keppel as well as I want Pierfront Capital and Keppel the best for the future,” claims Rajeev Kannan, outbound chairman of Pierfront Capital and non-executive executive of Clifford Capital.