Keppel Credit Wins APAC Infrastructure Debt Manager of the Year
Keppel Ltd. (Keppel), a leading global asset manager and operator, proudly announces that its specialist private credit fund manager, Keppel Credit Fund Management Pte. Ltd. (Keppel Credit), has been named the ‘Infrastructure Debt Manager of the Year, Asia-Pacific’ at the prestigious Private Debt Investor (PDI) Awards 2024.
The PDI Awards, organized by Private Debt Investor, a premier publication dedicated to private credit markets, recognize the outstanding achievements of managers, institutional investors, and advisers in the private debt industry. Keppel Credit’s win underscores its innovative pan-Asian private credit platform, which leverages Keppel’s deep expertise in alternative real assets to deliver differentiated financing solutions.
Industry Recognition for Keppel Credit
Mr. Stephane Delatte, CEO and Chief Investment Officer of Keppel Credit, expressed his appreciation for the honor, stating, “We are delighted to be recognized as the APAC Infrastructure Debt Manager of the Year for 2024. This award is a testament to Keppel Credit’s distinctive private credit strategy, which provides bespoke direct lending solutions to bridge the funding gap in the Asia-Pacific infrastructure and real asset sectors. We extend our sincere gratitude to our investors, partners, and stakeholders for their unwavering support.”
A Proven Track Record in Infrastructure Debt Management
Keppel Credit has cemented its leadership position in the Asia-Pacific region through a first-mover advantage in infrastructure debt financing. Established with Temasek as its key shareholder and initial anchor investor, Keppel Credit launched its maiden fund in 2015, setting a strong foundation for its growth and impact in the sector.
With a highly specialized and experienced investment team, Keppel Credit has successfully managed three funds, collectively committing nearly US$900 million across 30 investments. These investments span defensive infrastructure-like businesses, including renewable energy, transportation, telecommunications, logistics, social infrastructure, and core infrastructure projects. More than half of these investments have already been fully exited, achieving attractive returns in the low- to mid-teens.
Expansion and Growth: Keppel Private Credit Fund III
Building on the success of its prior funds, Keppel Credit reached a significant milestone in late 2024 with the first close of Keppel Private Credit Fund III (Fund III). The fund secured approximately US$350 million in committed capital, drawing interest from top-tier global institutional investors. With a target fund size of US$1 billion, Fund III benefits from Keppel’s sponsorship, which includes a US$100 million commitment to the fund.
Fund III is the latest iteration in the Keppel Credit Fund Series, following the strong performances of Pierfront Capital Mezzanine Fund (Fund I) and Keppel-Pierfront Private Credit Fund (Fund II). This third fund builds on Keppel Credit’s reputation for delivering robust, risk-adjusted returns and further solidifies its role in bridging financing gaps in Asia-Pacific infrastructure investments.
Commitment to Sustainable Growth and Innovation
Keppel Credit remains committed to supporting sustainable infrastructure development by prioritizing investments in projects that contribute to economic resilience and long-term value creation. By leveraging its extensive market knowledge, investment acumen, and strong industry relationships, Keppel Credit continues to play a pivotal role in shaping the region’s infrastructure financing landscape.
As part of Keppel’s broader strategic vision, the company continues to integrate sustainability-driven solutions into its investment portfolio. This aligns with Keppel’s mission to create long-term value for investors while advancing infrastructure solutions that address the world’s evolving environmental and economic needs.
About Keppel Ltd.
Keppel Ltd. is a global asset manager and operator with a strong focus on sustainability-oriented solutions across infrastructure, real estate, and connectivity. Headquartered in Singapore, Keppel operates in more than 20 countries worldwide, delivering essential services in renewables, clean energy, decarbonization, sustainable urban renewal, and digital connectivity.
Keppel generates value for investors and stakeholders through its diversified investment platforms and high-quality asset portfolios, which include private funds and publicly listed real estate and business trusts. Through its continued commitment to innovation and responsible investing, Keppel is positioned as a leader in driving sustainable economic growth and infrastructure transformation globally.
With this latest recognition at the PDI Awards 2024, Keppel Credit reaffirms its role as a trailblazer in infrastructure debt management, further strengthening its position as a trusted partner for investors seeking resilient and high-performing credit investment opportunities in the Asia-Pacific region.
