Keppel acquires remaining 50% stake in Pierfront Capital Fund Management
KPPCF achieved its finishing conclusion in 2022, and even the top-tier investors KPPCF attracted include leading worldwide institutional financiers for example, the Alberta Financial Investment Management Firm in support of some of its clients, the Asian Infrastructure Investment Bank, GCM Grosvenor in support of an independently regulated account, together with Manulife.
” Our team believe that the growing demand for alternate loaning solutions, incorporated with Keppel’s deep networks and also extensive operating knowledge within the real property industry, will tactically place Pierfront’s presenting as well as upcoming loan budget to take chances in Asian special loan markets. This method will permit us to supply investors appealing risk-adjusted gains with disadvantage security,” she includes.
Keppel Company has become part of a sales also acquisition arrangement (SPA) to acquire the maintaining 50% stake it does not have in Pierfront Capital Fund Management Pte. Ltd. on Oct 2. The involvement was obtained from Clifford Capital Holdings.
” I would like to thank Keppel, Clifford Capital and the Pierfront Capital group for all their support and also effort in creating the Pierfront Capital platform. Clifford Capital stays a co-sponsor of KPPCF with Keppel. As Clifford Capital transforms its interest to other tactical campaigns, we anticipate continuing our broad and multi-faceted relationship with Keppel as well as I wish Pierfront Capital and Keppel the best for the future,” claims Rajeev Kannan, outbound chairman of Pierfront Capital as well as non-executive supervisor of Clifford Capital.
” Our company believe that the exclusive credit asset class carries encouraging long-term development opportunity especially in today’s volatile financial landscape and also tighter credit markets. We are enthusiastic regarding opportunities in the Asia-Pacific region, in which we observe an increasing number of firms looking for specialised intermediate capital solutions,” states Christina Tan, chief executive officer of finance management and primary investment officer of Keppel.
The program was established in 2015 by Clifford Capital. After the outstanding release of its initial exclusive debt fund, Clifford Capital Holdings and also Keppel established a partnership in 2020. Both parties also observed their joint sponsorship of the 2nd private credit budget, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
Pierfront Funding provides bespoke exclusive loan funding options in real asset markets. It concentrates on business loaning to operating business with protecting infrastructure-like business models, throughout real asset fields in Asia Pacific, such as energy, transport, telecoms, in addition to social facilities and logistics.