Second close for USD455 mn Keppel-Pierfront Private Credit Fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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.

Share this update