Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF accomplished its ultimate conclusion in 2022, together with the top-tier investors KPPCF drawn in consist of top international institutional financiers for example, the Alberta Investment Management Corporation in behalf of particular of its patrons, the Asian Infrastructure Investment Bank, GCM Grosvenor on behalf of an independently supervised account, together with Manulife.
Pierfront Funding supplies bespoke exclusive loan funding services in real property markets. It focuses on business financing to running firms with protecting infrastructure-like business designs, across real asset sectors in Asia Pacific, including energy, transport, telecoms, together with social facilities and even logistics.
The program was established in 2015 by Clifford Capital. Right after the successful release of its very first exclusive loan fund, Clifford Capital Holdings and also Keppel established a collaboration in 2020. The two affairs also viewed their joint sponsorship of the 2nd private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
” I would love to thank Keppel, Clifford Capital and also the Pierfront Capital team for all their support and attempt in creating the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its attention to other tactical efforts, we expect continuing our wide and also multi-faceted partnership with Keppel as well as I want Pierfront Capital and Keppel the very best for the future,” states Rajeev Kannan, outbound chairman of Pierfront Capital and non-executive director of Clifford Capital.
Keppel Firm has actually participated in a sales plus acquisition contract (SPA) to obtain the maintaining 50% risk 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 financing solutions, incorporated with Keppel’s deep networks and also extensive running experience inside the real investment market, will strategically position Pierfront’s presenting and upcoming loan funds to grab chances in Asian private loan industry. This method will permit us to offer investors desirable risk-adjusted profits with drawback protection,” she includes.
” We believe that the discreet trust asset class secures encouraging long-term development potential particularly in today’s unstable economic landscape and also tighter loan industry. We are enthusiastic concerning possibilities in the Asia-Pacific region, in which we view an increasing number of business seeking specialised intermediate capital options,” claims Christina Tan, chief executive officer of fund management and also main investment specialist of Keppel.