The platform was established in 2015 by Clifford Capital. After the successful deployment of its first private credit fund, Clifford Capital Holdings and Keppel established a partnership in 2020. Both parties also saw their joint sponsorship of the second private credit fund, Keppel-Pierfront Private Credit Fund, LP (KPPCF) in 2020.
Keppel Corporation, on Oct 2, announced that it has entered into a sales and purchase agreement (SPA) to acquire the remaining 50% stake it does not own in Pierfront Capital Fund Management Pte. Ltd. The stake was acquired from Clifford Capital Holdings.
Pierfront Capital offers bespoke 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, such as energy, transportation, telecommunications, along with social infrastructure and logistics.
