Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF achieved its finishing close in 2022, and even the top-tier real estate investors KPPCF attracted feature major international institutional financiers such as the Alberta Investment Management Firm in behalf of certain of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an individually supervised account, alongside Manulife.
The program was developed in 2015 by Clifford Capital. Right after the effective deployment of its first private debt fund, Clifford Capital Holdings as well as Keppel established a partnership in 2020. Both parties also observed their joint sponsorship of the 2nd private debt budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” Our company believe that the private trust resource class holds appealing long-lasting development opportunity specifically in today’s volatile economic landscape and also tighter credit markets. We are eager regarding opportunities in the Asia-Pacific place, where we view an expanding number of firms seeking specialised intermediate capital services,” claims Christina Tan, chief executive officer of finance management and chief investment officer of Keppel.
” We believe that the expanding need for alternate borrowing solutions, integrated with Keppel’s deep networks and also comprehensive operating knowledge within the real investment sector, will strategically position Pierfront’s occurring as well as upcoming trust funds to grab possibilities in Asian exclusive debt industry. This technique will certainly enable us to offer financiers desirable risk-adjusted gains with downside protection,” she adds.
” I would love to say thanks to Keppel, Clifford Capital as well as the Pierfront Capital team for all of their support and attempt in developing the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to some other calculated initiatives, we anticipate proceeding our wide as well as multi-faceted connection with Keppel and also I want Pierfront Capital and Keppel the very best for the future,” claims Rajeev Kannan, outbound chairman of Pierfront Capital and non-executive supervisor of Clifford Capital.
Keppel Corporation has participated in a sales plus acquisition arrangement (SPA) to acquire the remaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was gotten from Clifford Capital Holdings.
Pierfront Funding offers bespoke nonpublic credit financing options in real asset fields. It focuses on business loaning to running companies with protecting infrastructure-like business systems, across real asset markets in Asia Pacific, including energy, transportation, telecoms, along with social facilities along with logistics.