Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF accomplished its final conclusion in 2022, together with the top-tier real estate investors KPPCF brought in include top international institutional financiers such as the Alberta Investment Management Company on behalf of certain of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an independently regulated account, alongside Manulife.
The platform was set up in 2015 by Clifford Capital. After the effective release of its very first private debt fund, Clifford Capital Holdings and also Keppel developed a collaboration in 2020. Both parties 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 requirement for alternative financing solutions, integrated with Keppel’s deep organizations as well as extensive operating expertise within the real property market, will purposefully position Pierfront’s occurring and upcoming loan money to grab opportunities in Asian private debt markets. This technique will certainly enable us to offer financiers appealing risk-adjusted returns with downside protection,” she includes.
Keppel Company has entered into a sales also acquisition agreement (SPA) to get the remaining 50% stake it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was obtained coming from Clifford Capital Holdings.
Pierfront Capital supplies bespoke private credit funding services in real asset fields. It concentrates on business financing to managing business with protecting infrastructure-like business systems, throughout real investment sectors in Asia Pacific, such as power, transportation, telecommunications, together with social infrastructure and logistics.
” I wish to thank Keppel, Clifford Capital and the Pierfront Capital team for all of their support and also attempt in developing the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its interest to other strategic campaigns, we expect proceeding our wide and also multi-faceted connection with Keppel as well as I desire Pierfront Capital and Keppel the very best for the future,” states Rajeev Kannan, outgoing chairman of Pierfront Capital as well as non-executive supervisor of Clifford Capital.
” Our company believe that the private credit asset class holds promising long-lasting growth opportunity particularly in today’s unstable financial landscape and tighter debt markets. We are eager about opportunities in the Asia-Pacific place, in which we observe a growing number of firms looking for dedicated intermediate funding solutions,” claims Christina Tan, chief executive officer of fund management and primary investment specialist of Keppel.
