Pierfront Capital Fund Management Pte. Ltd. (Pierfront Capital), a Singapore-based fund manager, has announced the second close of the Keppel-Pierfront Private Credit Fund.
With additional investor commitments of US$255 million, the current size of the fund after the second close is US$455 million. In addition, investors have collectively committed a minimum of a further US$237.5 million of capital to co-invest alongside the fund. The second-closing investors are the Alberta Investment Management Corporation, the Asian Infrastructure Investment Bank and GCM Grosvenor.
The fund provides loans to companies with defensive infrastructure-like business models, across real asset sectors in the Asia Pacific, including renewable and other core infrastructure, energy, transportation, telecommunications, social infrastructure and logistics. It has already deployed around US$200 million across six transactions, and several others in the pipeline.
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 f...
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