Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Pierfront Capital supplies bespoke private loan financing services in real asset sectors. It focuses on business loaning to managing firms with defensive infrastructure-like company models, throughout real property markets in Asia Pacific, including energy, transportation, telecommunications, in addition to social infrastructure and logistics.
” Our company believe that the private credit investment class holds appealing lasting growth potential especially in today’s volatile financial landscape and also tighter credit industry. We are eager concerning opportunities in the Asia-Pacific place, in which we see an expanding variety of business seeking specialised intermediate capital options,” claims Christina Tan, CEO of finance management including chief financial investment officer of Keppel.
” We believe that the growing requirement for alternate financing solutions, combined with Keppel’s deep networks and also comprehensive operating expertise inside the real investment industry, will strategically position Pierfront’s presenting and upcoming credit money to seize opportunities in Asian private debt industry. This technique will allow us to offer financiers desirable risk-adjusted yields with drawback protection,” she includes.
KPPCF accomplished its final conclusion in 2022, and the top-tier real estate investors KPPCF attracted feature major global institutional capitalists such as the Alberta Financial Investment Management Company in support of some of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an independently supervised account, as well as Manulife.
Keppel Firm has participated in a sales and purchase contract (SPA) to acquire the maintaining 50% risk it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was gotten coming from Clifford Capital Holdings.
The program was established in 2015 by Clifford Capital. Right after the effective deployment of its first private debt fund, Clifford Capital Holdings and also Keppel developed an alliance in 2020. Both parties also viewed their shared sponsorship of the second exclusive credit budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I wish to thank Keppel, Clifford Capital as well as the Pierfront Capital team for all of their support and also effort in developing the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its interest to some other calculated initiatives, we look forward to proceeding our wide as well as multi-faceted relationship with Keppel and also I desire Pierfront Capital and also Keppel the greatest for the future,” claims Rajeev Kannan, outgoing chairman of Pierfront Capital as well as non-executive executive of Clifford Capital.