The Asian Infrastructure Investment Bank (AIIB) has approved the investment of US$150 million in the Keppel-Pierfront Private Credit Fund.

The AIIB has invested as a limited partner investor of the fund. The fund aims to support infrastructure projects in the Asia Pacific. Out of US$150 million, US$100 million will be invested in the fund, while the remaining US$50 million will be invested in the projects directly.

Keppel-Pierfront Private Credit Fund is a second debt fund managed by Pierfront Capital. The fund invests in real asset initiatives across the Asia Pacific including infrastructure, real estate, energy, and offshore marine.