Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF accomplished its ultimate conclusion in 2022, and the top-tier investors KPPCF brought in consist of leading worldwide institutional capitalists just like the Alberta Financial Investment Management Company in support of certain of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an independently supervised account, as well as Manulife.
Keppel Corporation has already participated in a sales plus purchase arrangement (SPA) to get the maintaining 50% risk it does not possess in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was acquired coming from Clifford Capital Holdings.
The program was developed in 2015 by Clifford Capital. Right after the outstanding implementation of its very first exclusive debt fund, Clifford Capital Holdings and Keppel developed a partnership in 2020. Both affairs also viewed their joint sponsorship of the second exclusive debt budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our company believe that the expanding requirement for different lending solutions, combined with Keppel’s deep organizations and considerable running experience within the real investment market, will purposefully place Pierfront’s occurring and also upcoming credit money to take chances in Asian special loan markets. This strategy will permit us to supply financiers appealing risk-adjusted returns with downside protection,” she includes.
Pierfront Funding supplies bespoke private credit funding solutions in real asset markets. It focuses on corporate borrowing to managing firms with protecting infrastructure-like organization models, throughout real investment sectors in Asia Pacific, such as energy, transport, telecommunications, together with social facilities and even logistics.
” I want to give thanks to Keppel, Clifford Capital and the Pierfront Capital team for all their assistance and also attempt in developing the Pierfront Capital system. Clifford Capital continues to be a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its interest to some other calculated efforts, we eagerly anticipate continuing our broad and multi-faceted partnership with Keppel and I wish Pierfront Capital and also Keppel the very best for the future,” states Rajeev Kannan, outbound chairman of Pierfront Capital as well as non-executive supervisor of Clifford Capital.
” Our company believe that the private credit investment class carries encouraging lasting development capability particularly in today’s unstable financial landscape and also tighter loan markets. We are eager regarding opportunities in the Asia-Pacific region, where we observe a growing variety of companies seeking specialised intermediate funding services,” says Christina Tan, CEO of money management including chief investment specialist of Keppel.