Singapore's Pierfront Capital raises $200m for first close of private credit fund

Singapore's Pierfront Capital raises $200m for first close of private credit fund

Marina Bay Sands, Singapore. Photo by Chen Hu on Unsplash

Singapore-based fund manager Pierfront Capital Fund Management on Monday announced the first close of its latest real asset private credit fund at $200 million.

The fund, Keppel-Pierfront Private Credit Fund, secured $100 million each from its two sponsors, Pierfront Capital Mezzanine Fund (PCMF) and Keppel Capital Holdings. PCMF is owned by Temasek Holdings (90.91 per cent stake) and Japan’s Sumitomo Mitsui Banking Corporation (9.09 per cent).

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