Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The program was developed in 2015 by Clifford Capital. Right after the successful implementation of its very first private credit fund, Clifford Capital Holdings and Keppel developed an alliance in 2020. The two affairs also saw their shared sponsorship of the 2nd exclusive credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I wish to thank Keppel, Clifford Capital and also the Pierfront Capital group for all their support and also effort in creating the Pierfront Capital system. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its attention to some other strategic initiatives, we eagerly anticipate continuing our wide and multi-faceted partnership with Keppel as well as I wish Pierfront Capital and also Keppel the greatest for the future,” says Rajeev Kannan, outbound chairman of Pierfront Capital and also non-executive executive of Clifford Capital.
Keppel Firm has participated in a sales and purchase arrangement (SPA) to get the remaining 50% stake it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was gotten coming from Clifford Capital Holdings.
KPPCF achieved its ultimate close in 2022, and even the top-tier real estate investors KPPCF attracted consist of leading worldwide institutional capitalists just like the Alberta Investment Management Company on behalf of particular of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor in behalf of an individually managed account, together with Manulife.
” We believe that the growing need for alternate borrowing solutions, incorporated with Keppel’s deep networks as well as comprehensive running knowledge inside the real investment industry, will strategically place Pierfront’s presenting and also upcoming trust budget to seize opportunities in Asian special debt markets. This strategy will certainly allow us to provide financiers desirable risk-adjusted returns with drawback protection,” she includes.
” Our company believe that the exclusive trust investment class holds encouraging lasting development potential particularly in today’s volatile financial landscape and tighter credit markets. We are passionate about chances in the Asia-Pacific area, in which we observe an increasing variety of firms seeking dedicated intermediate capital services,” states Christina Tan, CEO of finance management including primary investment specialist of Keppel.
Pierfront Funding supplies bespoke private loan funding options in real asset markets. It concentrates on business lending to operating companies with preventive infrastructure-like company designs, across real property industries in Asia Pacific, like power, transportation, telecommunications, in addition to social facilities and logistics.