SG Digest: Clifford Capital sets up holding co; Bayfront partners 15 banks

Singapore’s Clifford Capital Pte Ltd has established a new holding company while Bayfront Infrastructure Management is collaborating with 15 banks for infrastructure loan acquisitions.

Clifford Capital sets up a new holding company

Singapore’s Clifford Capital Pte Ltd (CCPL), the provider of debt financing solutions globally, has established a new holding company, Clifford Capital Holdings (CCH), to drive its next phase of growth, according to a press statement.

CCH will fully own CCPL and will hold 70 per cent stake in infrastructure loan provider, Bayfront Infrastructure Management. The holding company will also provide private credit and mezzanine financing solutions through Keppel-Pierfront Private Credit Funds, as well as short-term working capital financing.

As part of this reorganisation, CCPL’s shareholders have exchanged their existing shares at a 1:1 exchange ratio for the shares in CCH. The existing shareholders have been committed incremental capital to support CCPL’s further business growth and the expansion of new business lines.

Bayfront partners 15 banks for infrastructure loan acquisitions

Bayfront Infrastructure Management, the platform designed for institutional investors to access Asia-Pacific infrastructure debt, is collaborating with 15 banks for infrastructure loan acquisitions, according to a press statement.

The banks include DBS, ABN Amro, BNP Paribas, Citibank, DNB, ING, KFW, Mizuho, MUFG, Natixis, OCBC Bank, Santander, SMBC, Societe Generale and Standard Chartered.

Bayfront Infrastructure is 70 per cent owned by Singapore’s Clifford Capital Holdings (CCH) and 30 per cent by the Asian Infrastructure Investment Bank (AIIB). It is capitalised at $1.98 billion, comprising $180 million in equity and $1.8 billion in debt issuance capacity.

The firm will acquire brownfield project and infrastructure loans from financial institutions, warehouse and manage them, with the objective of distributing securitised notes to institutional investors in the public markets. Bayfront Infrastructure’s objective is to address the substantial infrastructure financing gap in the Asia-Pacific region, said the press statement.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.