Keppel Corp. has entered into a sales-and-purchase agreement to acquire the remaining 50 percent interest in Pierfront Capital Fund Management from Clifford Capital Holdings (CCH). With the completion of the acquisition, Keppel now holds a 100 percent interest in Pierfront Capital.
Pierfront Capital offers private credit financing solutions in real asset sectors. It focuses on corporate lending to operating companies with defensive infrastructure-like business models, across real asset sectors in Asia Pacific. These include renewables and other core infrastructure, such as energy, transportation and telecommunications, along with social infrastructure and logistics.
“We believe that the private credit asset class holds promising long-term growth potential, especially in today’s volatile economic landscape and tighter credit markets,” said Christina Tan, CEO of fund management and CIO of Keppel. “We are enthusiastic about opportunities in the Asia Pacific region