Multicountry: Keppel-Pierfront Private Credit Fund L.P

approved

The Asian Infrastructure Investment Bank (AIIB) has made an equity investment of about USD88.7 million in the Keppel- Pierfront Private Credit Fund L.P. (the Fund) with a reserve of a co-investment envelope of up to USD50 million to invest alongside the Fund. The Fund will invest in private credit instruments of companies and projects across renewable energy, transport, digital infrastructure, environmental infrastructure, energy and natural resources and social infrastructure in the Asia-Pacific region. At the time of AIIB's investment, the Fund has already deployed around USD200 million across six investments. AIIB will be participating in four of the six investments already entered into by the Fund. The two investments that the Bank is not participating in are Lodgis, a Viet Nam-based hospitality group and M-Towers, a Myanmar-based telecommunication towers operator. AIIB will have no economic interest in or exposure to either of these two investments. The Fund achieved final closing in September 2022, raising about USD700 million (including co-investment commitments) from investors.