The Asian Infrastructure Investment Bank (AIIB) has committed a US$150 million investment in Keppel-Pierfront Private Credit Fund to support the 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 private credit fund focused on providing debt to organizations or projects mainly in real asset sectors across the Asia Pacific region. The scope of investments covers infrastructure, real estate, transportation and logistics, energy and natural resources. The target size of the fund is US$600 million.