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.