Milestones

2010
The Singapore Government established an Economic Strategies Committee (ESC) to formulate strategies to position Singapore for the next phase of economic growth, including the infrastructure and maritime sectors. The ESC identified that Singapore-based companies faced constraints in their expansion to overseas markets, including their access to and availability of cross-border financing
2012

Clifford Capital was established, focusing on delivering project finance and asset‑backed finance solutions for clients with a nexus to Singapore. We initially focused on project finance and asset‑backed finance for the infrastructure and offshore marine sectors, where Singapore-based companies have globally competitive strengths

2013

Clifford Capital commences operations and becomes profitable in 2014

2016
Pierfront Capital was established, a private credit and mezzanine financing platform focused on the infrastructure and real assets sector, to meet the increasing demand from financial sponsors and corporates for specialist intermediate capital to fit the financing needs of real asset owners
2018
Clifford Capital arranges Asia’s first ever infrastructure project finance loan securitisation transaction, structured and executed via a special purpose vehicle issuer, Bayfront Infrastructure Capital. This created a new asset class to facilitate institutional investor access to infrastructure debt. Strong demand was seen from a variety of institutional investors including insurance companies, pension funds, endowment funds, family offices, specialised asset managers as well as individual sophisticated investors
2020
Pierfront Capital enters into a strategic 50/50 partnership with Keppel Capital
2020
Bayfront Infrastructure Management was established, a permanent distribution platform for infrastructure and project finance loans with the Asian Infrastructure Investment Bank as a strategic partner with a 30% stake
2020
Clifford Capital completes a corporate restructuring entailing the creation of Clifford Capital Holdings as a holding company for its three platforms – Clifford Capital, Pierfront Capital and Bayfront Infrastructure Management
Looking Ahead
We continue to look for innovative financing solutions to address key industries’ needs, including the underserviced SME segment, in Asia and capture regional opportunities