Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The platform was established in 2015 by Clifford Capital. After the successful release of its initial private credit fund, Clifford Capital Holdings and also Keppel developed a partnership in 2020. The two affairs also saw their shared sponsorship of the second exclusive credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our team believe that the expanding need for alternative loaning solutions, combined with Keppel’s deep organizations and considerable operating expertise within the real investment market, will tactically position Pierfront’s presenting and also upcoming trust budget to take possibilities in Asian private loan industry. This strategy will permit us to supply investors appealing risk-adjusted profits with disadvantage security,” she adds.
” I want to give thanks to Keppel, Clifford Capital as well as the Pierfront Capital group for all of their assistance and attempt in creating the Pierfront Capital system. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to other strategic initiatives, we anticipate continuing our broad and multi-faceted relationship with Keppel as well as I wish Pierfront Capital and also Keppel the very best for the future,” says Rajeev Kannan, outbound chairman of Pierfront Capital as well as non-executive supervisor of Clifford Capital.
Keppel Company has already become part of a sales plus acquisition contract (SPA) to get the remaining 50% risk it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was acquired coming from Clifford Capital Holdings.
Pierfront Capital offers bespoke nonpublic credit funding options in real property markets. It focuses on corporate lending to running firms with defensive infrastructure-like company models, across real asset markets in Asia Pacific, like energy, transport, telecoms, together with social facilities and logistics.
” Our company believe that the exclusive trust investment class secures encouraging lasting growth potential specifically in today’s volatile economic landscape as well as tighter loan markets. We are eager concerning chances in the Asia-Pacific area, where we see an expanding variety of business seeking specialised intermediate capital options,” claims Christina Tan, chief executive officer of fund management including chief investment specialist of Keppel.
KPPCF attained its ultimate close in 2022, and the top-tier investors KPPCF attracted feature leading worldwide institutional investors just like the Alberta Financial Investment Management Company in behalf of some of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an independently supervised account, together with Manulife.