Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Keppel Company has already entered into a sales and acquisition contract (SPA) to acquire 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.
The platform was established in 2015 by Clifford Capital. After the successful implementation of its initial private credit fund, Clifford Capital Holdings and also Keppel developed a partnership in 2020. Both parties also observed their shared sponsorship of the 2nd exclusive debt budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
KPPCF attained its finishing conclusion in 2022, together with the top-tier real estate investors KPPCF brought in include top worldwide institutional capitalists such as the Alberta Investment Management Company in behalf of particular of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an individually managed account, alongside Manulife.
Pierfront Capital offers bespoke private loan funding options in real asset sectors. It focuses on corporate financing to operating firms with protecting infrastructure-like company systems, across real asset markets in Asia Pacific, like power, transport, telecoms, together with social infrastructure and even logistics.
” Our company believe that the expanding need for alternative lending solutions, integrated with Keppel’s deep organizations as well as comprehensive running expertise inside the real asset sector, will tactically place Pierfront’s presenting and also upcoming loan funds to grab opportunities in Asian private loan markets. This method will allow us to supply investors attractive risk-adjusted returns with drawback protection,” she includes.
” I wish to say thanks to Keppel, Clifford Capital and also the Pierfront Capital team for all of their support and also initiative in establishing the Pierfront Capital platform. Clifford Capital continues to be a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its attention to some other calculated campaigns, we anticipate proceeding our wide as well as multi-faceted relationship with Keppel and I desire Pierfront Capital and Keppel the greatest for the future,” states Rajeev Kannan, outgoing chairman of Pierfront Capital and non-executive director of Clifford Capital.
” We believe that the private credit resource class carries appealing long-term growth potential particularly in today’s unstable financial landscape and tighter loan industry. We are passionate about opportunities in the Asia-Pacific place, in which we view an expanding variety of business looking for specialised intermediate funding services,” states Christina Tan, chief executive officer of finance management and also main investment specialist of Keppel.