Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The platform was established in 2015 by Clifford Capital. After the effective implementation of its initial private credit fund, Clifford Capital Holdings as well as Keppel established an alliance in 2020. Both parties also observed their shared sponsorship of the second private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
Keppel Firm has become part of a sales and acquisition agreement (SPA) to get the maintaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was acquired coming from Clifford Capital Holdings.
” I would love to give thanks to Keppel, Clifford Capital and the Pierfront Capital team for all their assistance and also attempt in creating the Pierfront Capital system. Clifford Capital remains a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its interest to other strategic campaigns, we expect continuing our broad and also multi-faceted relationship with Keppel as well as I want Pierfront Capital and Keppel the very best for the future,” states Rajeev Kannan, outbound chairman of Pierfront Capital and non-executive executive of Clifford Capital.
KPPCF achieved its ultimate close in 2022, together with the top-tier investors KPPCF brought in feature leading global institutional financiers just like the Alberta Investment Management Corporation in support of particular of its clients, the Asian Infrastructure Investment Bank, GCM Grosvenor in behalf of a separately regulated account, as well as Manulife.
” Our company believe that the expanding requirement for different financing solutions, incorporated with Keppel’s deep networks and comprehensive operating experience within the real asset industry, will purposefully position Pierfront’s presenting and upcoming credit money to take opportunities in Asian private loan industry. This technique will certainly enable us to offer financiers appealing risk-adjusted gains with downside security,” she adds.
Pierfront Funding supplies bespoke exclusive loan financing services in real asset markets. It concentrates on corporate financing to managing business with protecting infrastructure-like organization systems, across real property markets in Asia Pacific, like energy, transportation, telecoms, along with social facilities along with logistics.
” Our company believe that the exclusive credit asset class holds promising lasting development potential specifically in today’s unstable financial landscape and also tighter credit markets. We are eager concerning possibilities in the Asia-Pacific place, where we observe an increasing number of firms seeking specialised intermediate capital solutions,” states Christina Tan, chief executive officer of money management and also main financial investment specialist of Keppel.