We are guided by an in-house environmental, social and governance (ESG) framework which has been formulated based on elements from international standards such as the United Nations Principles for Responsible Investment (UNPRI) and the United Nations Global Compact (UNGC). The framework is designed to incorporate ESG considerations in every stage of our investment process.

Through this framework, we seek to promote responsible corporate practices, in our own organization, in the funds we manage, as well as in the portfolio companies we invest in.

We believe that active management of ESG issues is critical in generating long term value for our investors, stakeholders and employees in a rapidly evolving global landscape. We are committed to promoting sustainability and seek to invest in companies or projects that demonstrate ethical and responsible ESG practices.

While we are cognizant that ESG management typically falls under the purview of equity investors who as shareholders have a greater ability to effect change, we believe that debt investors can also play a role in furthering the ESG agenda. From a business perspective, we also believe that ESG issues can have a potentially material adverse impact on a company’s bottom-line if left unaddressed.

ESG considerations are therefore an integral part of holistic risk analysis, and companies with sound ESG practices essentially represent lower-risk investments. Lastly, as a private credit investor focused on downside risk protection, analysis of such ESG factors is wholly consistent with our goal of delivering optimal risk-adjusted returns.

Keppel Credit (formerly known as Pierfront Capital) is proud to be named “Responsible Investor of the Year, Asia Pacific” at the 2022 and 2023 Private Debt Investor Awards.  This award recognizes the merit of Keppel Credit’s private credit platform and its continued commitment to providing responsible investment solutions to the real assets sector in Asia Pacific.

Commitment to Responsible Investing

Sustainable Finance Disclosure Regulation (SFDR)

The manager’s third fund, Keppel Private Credit Fund III, will be an SFDR Article 8 compliant fund and you may access the sustainability-related website disclosures here.

Meet Our ESG Committee

Keppel Credit has established a dedicated ESG Committee to monitor existing ESG practices as well as assess and advise on strategic measures to enhance Keppel Credit’s approach to ESG.

Our ESG Committee includes representatives from various functions to ensure ESG considerations are proactively integrated across the business.

  • Stéphane Delatte
    Chief Executive Officer and Chief Investment Officer

    Stéphane is the CEO and CIO of Keppel Credit and provides the strategic leadership and vision for the company. He has been with Keppel Credit since its inception in 2016 and is directly responsible for the day to day running of the firm. He has 30 years of experience in private credit, private equity and project financing, including over 25 years of experience in Asia.

    Prior to Keppel Credit, he served as Managing Director in Asia for CLSA Capital Partners for 12 years where he was in charge of Private Credit investments. He also previously served as Vice President for Dresdner Kleinwort Capital, Vice President of the Asian Mezzanine Infrastructure Fund, and prior to that as Vice President in the project finance division of Credit Lyonnais.

    Stéphane holds a BSc in Corporate Finance from Kedge Business School and a Master’s in Financial Engineering from Emlyon Business School.

  • Wayne Palmer
    Managing Director, Credit Strategy and Transaction Advisory

    Wayne is a Managing Director focused on Credit Strategy and Transaction Advisory at Keppel. He is primarily responsible for supporting the Keppel Credit CEO in formulating the strategic development of the Keppel Credit platform and the execution of expansion initiatives as well as overseeing the fund structuring and fund establishment processes across Keppel Credit and the Keppel infrastructure equity funds. He commenced at Keppel Credit in 2020.

    He has over 22 years of experience in law and asset management platform operations and strategy, including 18 years in the Asia-Pacific region. Prior to joining Keppel Credit, Wayne spent ten years with the asset management division of CLSA, initially as Head of Legal and then as Chief Operating Officer (“COO”). As COO, Wayne oversaw all operational aspects of CLSA’s private equity, real estate, credit, real asset and hedge fund businesses and sat on a range of fund investment committees. Prior to CLSA, Wayne was a senior lawyer at Clifford Chance with a practice focused on private equity advising a range of global and regional private equity houses and banks on their transactional activity in Europe and Asia.

    Wayne holds a LL.B (Hons) in Law from Leeds Metropolitan University and a post graduate diploma in legal practice granted by The College of Law, York. He is a board member of the Singapore Venture Capital and Private Equity Association, co-chair of its Private Credit sub-committee and is a member of its Advocacy sub-committee serving as chair from 2017-2019.

  • Anjali Patel
    Head of Investor Relations

    Anjali joined Keppel Credit in 2022 and is actively involved in fund raising, deal origination, structuring and monitoring of transactions for the firm. She has over 20 years of experience in special situations, private equity, and private debt financing (such as mezzanine, structured credit and distressed debt) including almost 15 years of experience in Asia.

    Prior to Keppel Credit, Anjali served as a Director at Credit Suisse as part of the APAC Financing Group, where she was responsible for portfolio financing as well as covered illiquid credit loan sales for institutional investors and fund clients. She was previously an Associate Director at Macquarie Capital, where she managed a distressed Indonesian credit portfolio.  Anjali started her career in New York at JPMorgan, where she spent nearly fifteen years originating, executing and managing principal investments and most recently served as an Executive Director in the Global Special Opportunities Group in Hong Kong, where she was responsible for asset management of portfolio investments across the APAC region.

    Anjali holds a Bachelor of Science in Business Administration (concentration in Finance) from Carnegie Mellon University. Anjali is also a CFA® charterholder.

  • Brandon Aw
    Director

    Brandon joined Keppel Credit in 2019 and is responsible for the origination, structuring, negotiating and monitoring of transactions at the firm. He has more than 10 years of structured and project finance experience in the Asia-Pacific infrastructure, energy and natural resource sectors.

    Prior to Keppel Credit, he worked in the structured finance, project finance and investment banking teams of major financial institutions, including HSBC, Mizuho, Royal Bank of Canada and Rothschild & Co.

    Brandon holds a Bachelor of Accountancy and a Bachelor of Business Management (Finance Major) from the Singapore Management University.

Grievance Mechanism

As part of our commitment to ensure that the companies or projects we finance are undertaken with due consideration to Environmental and Social (E&S) risks and concerns, Keppel Credit has in place a Grievance Mechanism aimed at providing a forum for those adversely affected by projects that we finance to voice their E&S concerns.

Any E&S-related complaints or concerns relating to companies or projects that are financed by Keppel Credit may be submitted through the following channels:

  • local_phone
    Telephone
    Call us at +65 6270 6666 during our operating hours
    (9am – 6pm Singapore time)
  • mail
    Email
    Email us at
    [email protected]
  • drafts
    By Post
    Post a letter to the following address:
    1 HarbourFront Avenue, #05-03A Keppel Bay Tower, Singapore 098632

Click here to find out the information required and process for lodging grievances

Keppel Credit also manages capital on behalf of the Asian Infrastructure Investment Bank (AIIB). In the event that any project-affected people’s concerns related to investment activity undertaken by funds managed by Pierfront in which AIIB is an investor are not satisfactorily addressed by Pierfront, they may also raise their concerns regarding the environmental and social aspects of a relevant project with AIIB under the AIIB Project-affected People’s Mechanism (AIIB PPM)