Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The platform was developed in 2015 by Clifford Capital. Right after the effective implementation of its first private loan fund, Clifford Capital Holdings and also Keppel established a collaboration in 2020. The two parties also saw their joint sponsorship of the second private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our team believe that the private credit resource class secures appealing long-lasting development potential particularly in today’s volatile economic landscape and tighter debt markets. We are eager concerning opportunities in the Asia-Pacific area, in which we observe a growing number of companies seeking specialised intermediate funding services,” claims Christina Tan, chief executive officer of finance management and also primary investment officer of Keppel.
” I would like to say thanks to Keppel, Clifford Capital and also the Pierfront Capital team for all their support and also initiative in developing the Pierfront Capital system. Clifford Capital remains a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to other strategic initiatives, we anticipate continuing our broad and also multi-faceted connection with Keppel and also I wish Pierfront Capital and Keppel the very best for the future,” states Rajeev Kannan, outbound chairman of Pierfront Capital as well as non-executive executive of Clifford Capital.
Pierfront Funding supplies bespoke exclusive loan financing options in real asset markets. It concentrates on corporate financing to managing firms with defensive infrastructure-like business models, across real property markets in Asia Pacific, including energy, transportation, telecoms, along with social facilities along with logistics.
Keppel Firm has actually participated in a sales and purchase agreement (SPA) to get the maintaining 50% risk it does not possess in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was gotten coming from Clifford Capital Holdings.
” Our team believe that the expanding demand for alternate lending solutions, incorporated with Keppel’s deep organizations and comprehensive running knowledge within the real investment industry, will purposefully position Pierfront’s existing and upcoming trust money to seize opportunities in Asian private loan industry. This method will certainly allow us to supply investors appealing risk-adjusted returns with disadvantage protection,” she adds.
KPPCF accomplished its ultimate conclusion in 2022, together with the top-tier real estate investors KPPCF brought in consist of major international institutional financiers just like the Alberta Investment Management Firm in behalf of some of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an independently supervised account, alongside Manulife.