Development Bank of Japan Inc. (hereinafter "DBJ") has announced its decision to invest in Keppel Private Credit Fund III, L.P. (hereinafter "the Fund"), which is managed by Keppel Credit Fund Management Pte. Ltd. (hereinafter "KCFM"; head office, Singapore; CEO Stephane Delatte). The investment agreement has been signed accordingly.
KCFM, a private debt fund management company, was established in 2015 as Pierfront Capital Fund Management Pte. Ltd. and later became a wholly owned subsidiary of Keppel Ltd. (hereinafter "Keppel") in 2023.
The Fund targets infrastructure operators and assets in the APAC region and aims to invest while utilizing the industry expertise and business networks of the main sponsor, Keppel Ltd., and the investment team of KCFM.
Through its investment in the Fund, DBJ aims to acquire and contribute advanced expertise in the infrastructure sector in the APAC region, deepen its lending business with major conglomerates in Southeast Asia, and expand collaboration opportunities for Japanese companies involved in infrastructure investment in the APAC region.
DBJ, in line with its corporate philosophy, "Design the Future with Financial Expertise--Continue to expand financial frontiers; Provide the best solutions for customers and society; Pursue sustainable development for Japan and the world," will actively support our customers' efforts to enhance their presence in the APAC region.
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Corporate Finance Department, Division 3
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