Pierfront Capital was established in late 2015 as an independent investment company offering junior debt, mezzanine and structured financing solutions in capital intensive businesses across a wide range of sectors including, but not limited to infrastructure, energy, transportation, telecommunications and logistics.

Our focus is on growth capital for asset and corporate acquisition, refinancing and project expansion.

Pierfront provides structural flexibilities, tailored to meet the needs of companies that require more creative solutions than typically offered by traditional banks and conventional lenders, whilst at the same time ensuring compliance with local financial and other regulatory conditions.

As such, Pierfront is positioned as an intermediate provider of funding (in between bank debt and equity). Our investment is also used for funding growth through quasi-equity instruments without witnessing the full dilution typically associated with equity funding.

Pierfront Capital and Clifford Capital are related Temasek portfolio companies. Together we can provide borrowers with a complete senior and junior debt financing solution

Portfolio


PT Merdeka Copper Gold TBK

US$25m Term Loan Facility for a gold and copper mine development in Indonesia

21 September 2016

Pierfront Capital acted as sole arranger and lender in the US$25m Term Loan Facility to PT Merdeka Copper Gold TBK. The Company’s major asset is the mining project known as the Tujuh Bukit Project which is located in the Banyuwangi Regency, East Java, approximately 205 kilometers southeast of Surabaya. The Tujuh Bukit Project is one of the world's top undeveloped gold and copper projects with an estimated total JORC Compliant Resource containing 19 billion lbs of Copper and 28 million oz of Gold.

PT Merdeka Copper Gold TBK is listed on the Jakarta Stock Exchange, backed by Saratogo and Provident Capital, with the gold mine development debt financed by HSBC, BNP Paribas and Societe Generale.

Greenko

US$33m Term Loan Facility to Greenko Ventures Limited,  in support of the Promoter’s of Greenko Energy Holdings (“Greenko”), a developer of renewable power projects in India

12 August 2016

Pierfront Capital acted as the sole arranger and lender in the US$33m Term Loan Facility to Greenko, one of the leading renewable energy companies in India. Greenko is a market leading owner and operator of clean energy projects in India, building a de-risked portfolio of wind, hydropower, solar and biomass assets within India. Greenko currently has in excess of 1 GW of operating capacity.

Besides Greenko Ventures Limited, Greenko is backed by GIC, the sovereign wealth fund of the Government of Singapore, and Abu Dhabi Investment Authority.

Investment Team


Stephane Delatte is the Chief Investment Officer of Pierfront Capital. He has more than 20 years of experience in Structured Financing, Private Equity, and Project Financing, primarily in Asia. Before joining Pierfront Capital, he was for 12 years Managing Director and Investment Committee Member at CLSA Capital Partners, the private equity arm of CLSA, in charge of mezzanine finance for Asia. Prior to this, he served as Vice President for Dresdner Kleinwort Capital, as Investment Officer for the Asian Mezzanine Infrastructure Fund, and as Vice-President in the project finance division of Credit Lyonnais Paris. Stephane has been involved in the arranging of a number of project and structured finance transactions covering inter alia the power, utilities, infrastructure and resources sectors, He holds a B.Sc. in Corporate Finance from Bordeaux Business school and a Master's Degree in Financial Engineering from Lyon Business School.


Wei Teck Chua is a Director of Pierfront Capital. Wei Teck has more than 13 years of experience in debt financing, in particular in originating high-yield, mezzanine, structured and private financing transactions. For over 10 years, he has worked in the structured finance teams of major financial institutions in Hong Kong, London and Singapore. Following this he served as an Executive Director of an offshore marine company listed on the stock exchange of Singapore. He holds a Master’s Degree in Accounting & Finance from London School of Economics and Political Science.


Andrew Starkey is a Director of Pierfront Capital. Andrew has more than 15 years of finance experience in the Asia-Pacific natural resources, infrastructure and related sectors. For over 11 years he was employed in investment banking and project financing roles at Macquarie Group and Goldman Sachs. Following this he served as an Executive Director at Presidio Capital focused on natural resources and infrastructure investments. He holds a Master’s Degree in Finance from INSEAD, Bachelor of Commerce and a Bachelor of Arts from the University of Melbourne, is a Chartered Accountant and a Chartered Financial Analyst.


For more information on Pierfront Capital, please contact us at enquiry@pierfront.sg