Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF attained its finishing conclusion in 2022, together with the top-tier investors KPPCF attracted include top global institutional financiers such as the Alberta Financial Investment Management Company in behalf of particular of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of a separately supervised account, as well as Manulife.
” I want to say thanks to Keppel, Clifford Capital as well as the Pierfront Capital group for all of their assistance and also attempt in developing the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its interest to other strategic efforts, we expect continuing our broad and also multi-faceted connection with Keppel and I desire Pierfront Capital and Keppel the greatest for the future,” says Rajeev Kannan, outgoing chairman of Pierfront Capital and non-executive executive of Clifford Capital.
” Our company believe that the exclusive trust asset class secures promising long-lasting development potential particularly in today’s volatile financial landscape and tighter loan markets. We are eager concerning possibilities in the Asia-Pacific area, in which we observe a growing variety of firms looking for dedicated intermediate funding solutions,” states Christina Tan, CEO of finance management and chief financial investment officer of Keppel.
Keppel Company has already participated in a sales also purchase contract (SPA) to get the maintaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was obtained coming from Clifford Capital Holdings.
The platform was developed in 2015 by Clifford Capital. Right after the outstanding implementation of its very first private loan fund, Clifford Capital Holdings and also Keppel developed an alliance in 2020. Both parties also saw their joint sponsorship of the 2nd private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
Pierfront Capital offers bespoke private loan financing solutions in real property markets. It concentrates on business financing to operating firms with preventive infrastructure-like company systems, across real investment industries in Asia Pacific, like energy, transport, telecommunications, together with social infrastructure and logistics.
” Our company believe that the expanding need for alternative financing solutions, integrated with Keppel’s deep networks as well as extensive operating expertise within the real investment market, will strategically position Pierfront’s existing as well as upcoming credit budget to seize possibilities in Asian exclusive debt markets. This technique will allow us to supply financiers attractive risk-adjusted returns with drawback security,” she includes.