Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The platform was set up in 2015 by Clifford Capital. After the effective deployment of its first private credit fund, Clifford Capital Holdings and also Keppel established an alliance in 2020. Both affairs also viewed their joint sponsorship of the 2nd exclusive credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I would love to give thanks to Keppel, Clifford Capital and also the Pierfront Capital group for all their support and also effort in developing the Pierfront Capital system. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital switches its interest to some other calculated efforts, we eagerly anticipate continuing our wide and multi-faceted connection with Keppel as well as I want Pierfront Capital and Keppel the very best for the future,” states Rajeev Kannan, outgoing chairman of Pierfront Capital and also non-executive supervisor of Clifford Capital.
KPPCF attained its finishing conclusion in 2022, and even the top-tier real estate investors KPPCF drawn in include major global institutional investors for example, the Alberta Financial Investment Management Corporation in behalf of certain of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of a separately regulated account, as well as Manulife.
Keppel Firm has actually participated in a sales also purchase agreement (SPA) to acquire the maintaining 50% stake it does not possess in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was gotten coming from Clifford Capital Holdings.
” Our team believe that the private trust investment class carries encouraging lasting development potential specifically in today’s unstable economic landscape and tighter debt markets. We are enthusiastic about possibilities in the Asia-Pacific region, where we see an increasing number of business looking for specialised intermediate capital options,” states Christina Tan, CEO of fund management and also main financial investment officer of Keppel.
Pierfront Capital supplies bespoke exclusive loan funding solutions in real property markets. It focuses on business borrowing to operating companies with defensive infrastructure-like business systems, throughout real asset sectors in Asia Pacific, such as energy, transportation, telecoms, in addition to social facilities and logistics.
” Our team believe that the expanding need for alternative lending solutions, integrated with Keppel’s deep organizations and also extensive running experience inside the real asset industry, will tactically position Pierfront’s existing and also upcoming trust funds to grab chances in Asian special debt markets. This technique will permit us to supply investors attractive risk-adjusted gains with downside protection,” she includes.