Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF achieved its final conclusion in 2022, together with the top-tier real estate investors KPPCF brought in include major worldwide institutional financiers such as the Alberta Financial Investment Management Corporation in support of particular of its clients, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an individually regulated account, alongside Manulife.
” We believe that the growing demand for different borrowing services, integrated with Keppel’s deep networks and considerable operating experience within the real property sector, will strategically position Pierfront’s occurring and upcoming trust funds to grab possibilities in Asian private debt industry. This strategy will certainly enable us to provide financiers desirable risk-adjusted yields with downside security,” she includes.
The program was set up in 2015 by Clifford Capital. Right after the effective implementation of its first private loan fund, Clifford Capital Holdings and Keppel established an alliance in 2020. The two parties also saw their joint sponsorship of the second nonpublic debt budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I wish to give thanks to Keppel, Clifford Capital as well as the Pierfront Capital group for all their support and effort in creating the Pierfront Capital platform. Clifford Capital continues to be a co-sponsor of KPPCF with Keppel. As Clifford Capital turns its attention to some other strategic efforts, we eagerly anticipate proceeding our wide and multi-faceted relationship with Keppel and also I wish Pierfront Capital and also Keppel the greatest for the future,” says Rajeev Kannan, outbound chairman of Pierfront Capital and non-executive supervisor of Clifford Capital.
” Our team believe that the private trust investment class carries promising long-lasting development opportunity especially in today’s unstable economic landscape as well as tighter debt industry. We are eager regarding chances in the Asia-Pacific place, where we observe an increasing number of companies looking for dedicated intermediate funding services,” claims Christina Tan, CEO of money management and also chief financial investment officer of Keppel.
Keppel Company has already participated in a sales also acquisition agreement (SPA) to obtain the maintaining 50% stake it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was obtained from Clifford Capital Holdings.
Pierfront Capital offers bespoke nonpublic loan funding solutions in real property fields. It concentrates on business borrowing to managing companies with preventive infrastructure-like organization models, throughout real asset markets in Asia Pacific, such as power, transportation, telecoms, along with social facilities and even logistics.