Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Pierfront Funding offers bespoke exclusive loan financing services in real property fields. It concentrates on corporate loaning to running companies with defensive infrastructure-like organization designs, across real asset industries in Asia Pacific, like power, transportation, telecoms, in addition to social infrastructure and even logistics.
” I want to thank Keppel, Clifford Capital and the Pierfront Capital group for all their assistance and also attempt in establishing the Pierfront Capital system. Clifford Capital continues to be a co-sponsor of KPPCF with Keppel. As Clifford Capital switches its interest to some other tactical campaigns, we eagerly anticipate proceeding our wide and multi-faceted connection with Keppel and I desire Pierfront Capital and also Keppel the very best for the future,” claims Rajeev Kannan, outgoing chairman of Pierfront Capital as well as non-executive executive of Clifford Capital.
Keppel Company has already participated in a sales plus acquisition agreement (SPA) to get the remaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was gotten coming from Clifford Capital Holdings.
The platform was developed in 2015 by Clifford Capital. After the effective implementation of its very first private loan fund, Clifford Capital Holdings and also Keppel developed an alliance in 2020. Both parties also observed their joint sponsorship of the second nonpublic credit finances, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our team believe that the private credit asset class secures encouraging long-term development potential specifically in today’s unstable economic landscape as well as tighter loan markets. We are passionate concerning chances in the Asia-Pacific place, where we observe an expanding number of companies looking for specialised intermediate capital solutions,” states Christina Tan, CEO of money management including primary investment officer of Keppel.
” Our team believe that the growing requirement for different financing services, integrated with Keppel’s deep networks as well as extensive running experience inside the real property sector, will strategically place Pierfront’s occurring and upcoming trust funds to take possibilities in Asian special debt industry. This technique will certainly allow us to offer investors desirable risk-adjusted profits with downside protection,” she adds.
KPPCF attained its ultimate end in 2022, together with the top-tier investors KPPCF drawn in include leading global institutional capitalists for example, the Alberta Investment Management Corporation in behalf of particular of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor in behalf of an individually regulated account, alongside Manulife.