Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
Keppel Firm has actually entered into a sales plus purchase agreement (SPA) to get the maintaining 50% risk it does not possess in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was obtained coming from Clifford Capital Holdings.
The program was set up in 2015 by Clifford Capital. Right after the successful implementation of its very first exclusive debt fund, Clifford Capital Holdings and Keppel established an alliance in 2020. Both parties also viewed their shared sponsorship of the 2nd nonpublic debt budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I wish to thank Keppel, Clifford Capital and the Pierfront Capital team for all of their support and also attempt in creating the Pierfront Capital platform. Clifford Capital remains a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to other calculated initiatives, we look forward to continuing our broad as well as multi-faceted relationship with Keppel and also I wish Pierfront Capital and Keppel the best for the future,” says Rajeev Kannan, outbound chairman of Pierfront Capital and also non-executive supervisor of Clifford Capital.
Pierfront Capital offers bespoke nonpublic loan financing solutions in real asset markets. It focuses on corporate loaning to operating business with preventive infrastructure-like business models, throughout real asset markets in Asia Pacific, like power, transport, telecoms, along with social infrastructure and logistics.
” Our team believe that the discreet credit investment class holds promising long-term development capability specifically in today’s volatile economic landscape as well as tighter credit markets. We are eager concerning possibilities in the Asia-Pacific place, in which we view an increasing number of companies seeking specialised intermediate funding solutions,” says Christina Tan, chief executive officer of fund management including main financial investment specialist of Keppel.
KPPCF achieved its finishing close in 2022, together with the top-tier investors KPPCF brought in consist of major global institutional financiers such as the Alberta Financial Investment Management Firm on behalf of certain of its clients, the Asian Infrastructure Investment Bank, GCM Grosvenor in behalf of an individually regulated account, alongside Manulife.
” Our company believe that the growing requirement for different financing services, incorporated with Keppel’s deep organizations and also considerable running expertise within the real property market, will purposefully position Pierfront’s occurring and also upcoming trust funds to take opportunities in Asian private loan markets. This technique will allow us to offer financiers attractive risk-adjusted returns with disadvantage protection,” she includes.