2010: The Singapore government formed an Economic Strategies Committee (“ESC”) to formulate strategies and solutions that would position Singapore for its next phase of economic growth. As part of its findings, the ESC identified that Singapore-based companies faced certain constraints in their quest for growth in overseas markets. One such constraint was the access to and availability of cross-border financing, in particular for large ticket, long-term project finance.
2012: Clifford Capital was subsequently established as an independent, commercially managed company to address these market gaps identified by the ESC and by doing so, act as a catalyst to facilitate more cross-border business opportunities for Singapore-based companies. Initially, we focused on project finance and asset backed finance for the infrastructure and offshore marine sectors, where Singapore-based companies have globally competitive strengths.
2016: We expanded our coverage to include shipping and also introduced buyer’s credit financing solutions in support of the export of certain equipment and capital intensive products and solutions from Singapore. We also expanded on the mezzanine financing solutions available to our clients with the establishment of Pierfront Capital.
Looking Ahead: We continue to look into new sectors and products that can add value to Singapore-based companies seeking to grow their businesses in overseas markets and to contribute to the dialogue at the Government level on this subject as well as on positioning Singapore as an infrastructure and maritime hub.
To be a champion that supports Singapore companies and companies with a nexus to Singapore in the infrastructure and maritime sectors by providing competitive and innovative debt financing solutions across the capital structure.
To catalyse the development of a vibrant capital market in Singapore focused on the origination, structuring and distribution of debt in these industry sectors and to cement Singapore’s position as a leading infrastructure and maritime hub.