Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF achieved its finishing conclusion in 2022, and even the top-tier real estate investors KPPCF brought in consist of leading worldwide institutional financiers just like the Alberta Investment Management Corporation on behalf of certain of its clients, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an individually supervised account, alongside Manulife.
” We believe that the growing need for different borrowing solutions, incorporated with Keppel’s deep networks as well as considerable operating knowledge within the real investment market, will tactically place Pierfront’s existing and upcoming trust money to grab chances in Asian private debt markets. This strategy will permit us to provide investors attractive risk-adjusted returns with disadvantage security,” she includes.
” I want to say thanks to Keppel, Clifford Capital as well as the Pierfront Capital team for all of their assistance and initiative in developing the Pierfront Capital platform. Clifford Capital continues to be a co-sponsor of KPPCF with Keppel. As Clifford Capital switches its interest to some other tactical campaigns, we look forward to proceeding our broad and multi-faceted connection with Keppel and I want Pierfront Capital and also Keppel the best for the future,” says Rajeev Kannan, outgoing chairman of Pierfront Capital as well as non-executive executive of Clifford Capital.
Keppel Company has actually entered into a sales also purchase contract (SPA) to get the remaining 50% risk it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was acquired coming from Clifford Capital Holdings.
Pierfront Funding offers bespoke exclusive credit financing solutions in real asset markets. It concentrates on business loaning to operating firms with protecting infrastructure-like business designs, across real asset sectors in Asia Pacific, like energy, transport, telecoms, along with social infrastructure and even logistics.
” Our company believe that the exclusive trust asset class carries appealing long-term growth potential specifically in today’s unpredictable financial landscape and also tighter credit industry. We are enthusiastic regarding opportunities in the Asia-Pacific region, where we see an expanding number of firms seeking specialised intermediate capital options,” states Christina Tan, chief executive officer of finance management including primary financial investment officer of Keppel.
The platform was established in 2015 by Clifford Capital. Right after the successful release of its first exclusive loan fund, Clifford Capital Holdings and Keppel developed 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.