Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
The program was set up in 2015 by Clifford Capital. After the outstanding deployment of its initial exclusive credit fund, Clifford Capital Holdings and also Keppel established a partnership in 2020. The two affairs also observed their shared sponsorship of the 2nd private debt finances, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
Keppel Firm has become part of a sales and acquisition contract (SPA) to get the remaining 50% stake it does not own in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The stake was gotten coming from Clifford Capital Holdings.
” Our team believe that the expanding demand for alternative loaning services, integrated with Keppel’s deep organizations as well as comprehensive running experience inside the real asset sector, will strategically position Pierfront’s existing and also upcoming loan money to seize chances in Asian private loan markets. This strategy will certainly allow us to provide investors attractive risk-adjusted returns with drawback security,” she includes.
KPPCF achieved its final end in 2022, and even the top-tier real estate investors KPPCF attracted consist of leading international institutional financiers for example, the Alberta Financial Investment Management Corporation on behalf of some of its clienteles, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an independently regulated account, alongside Manulife.
Pierfront Funding supplies bespoke private credit financing services in real property sectors. It concentrates on business financing to managing companies with preventive infrastructure-like organization models, throughout real property markets in Asia Pacific, such as power, transportation, telecommunications, along with social infrastructure along with logistics.
” I want to thank Keppel, Clifford Capital and the Pierfront Capital team for all their assistance and effort in developing the Pierfront Capital system. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital switches its attention to other calculated efforts, we look forward to proceeding our broad and also multi-faceted relationship with Keppel as well as I wish Pierfront Capital and Keppel the very best for the future,” claims Rajeev Kannan, outbound chairman of Pierfront Capital and also non-executive executive of Clifford Capital.
” We believe that the exclusive trust investment class holds encouraging lasting development opportunity particularly in today’s unpredictable economic landscape and tighter loan markets. We are enthusiastic concerning chances in the Asia-Pacific region, in which we see an increasing variety of firms looking for dedicated intermediate capital services,” states Christina Tan, chief executive officer of money management and also main financial investment officer of Keppel.