Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Keppel Firm has already entered into a sales plus acquisition contract (SPA) to obtain the remaining 50% stake it does not possess in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was gotten coming from Clifford Capital Holdings.
” Our team believe that the expanding need for different borrowing solutions, integrated with Keppel’s deep organizations as well as extensive running experience inside the real investment sector, will tactically position Pierfront’s presenting as well as upcoming credit money to grab possibilities in Asian private debt markets. This method will permit us to supply investors attractive risk-adjusted yields with downside protection,” she includes.
” I would love to say thanks to Keppel, Clifford Capital and also the Pierfront Capital team for all of their assistance and effort in establishing the Pierfront Capital system. 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 broad and multi-faceted connection with Keppel and I desire Pierfront Capital and Keppel the greatest for the future,” claims Rajeev Kannan, outbound chairman of Pierfront Capital and also non-executive executive of Clifford Capital.
The program was established in 2015 by Clifford Capital. Right after the effective deployment of its very first exclusive loan fund, Clifford Capital Holdings as well as Keppel established a collaboration in 2020. Both affairs also saw their joint sponsorship of the second exclusive credit budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” We believe that the exclusive credit asset class secures promising lasting development capability specifically in today’s unstable financial landscape and also tighter loan industry. We are passionate regarding chances in the Asia-Pacific region, in which we view a growing number of companies looking for dedicated intermediate funding services,” claims Christina Tan, chief executive officer of finance management and also chief financial investment specialist of Keppel.
Pierfront Capital provides bespoke exclusive loan financing solutions in real property fields. It concentrates on business lending to operating companies with preventive infrastructure-like company models, across real investment sectors in Asia Pacific, like power, transportation, telecoms, along with social infrastructure along with logistics.
KPPCF accomplished its finishing conclusion in 2022, together with the top-tier investors KPPCF brought in consist of major international institutional financiers for example, the Alberta Investment Management Company on behalf of particular of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an individually regulated account, together with Manulife.