Clifford Capital Holdings (CCH), a specialist financing and distribution platform backed by the Government of Singapore, has secured a $95 million investment from the Asian Development Bank (ADB) to help address the increased demand for sustainable infrastructure financing in Asia.
The transaction consists of a $50 million investment from ADB and a $45 million investment from the Leading Asia’s Private Infrastructure Fund (LEAP), which is administered by ADB.
With the investment, ADB will have a shareholding interest of 6.3 percent in CCH immediately post-closing and a pro forma shareholding of 10.8 percent once all equity capital committed has been fully deployed.
ADB’s strategic investment is expected to enhance CCH’s ongoing efforts to provide diversified financing solutions for underserved segments in the real assets sectors in Asia. This marks ADB’s first investment in a Singapore entity since the opening of its office in the country in March.
