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.

Pierfront Capital is proud to be namedResponsible Investor of the Year, Asia Pacific” at the 2022 Private Debt Investor Awards.  This award recognizes the merit of Pierfront Capital’s private debt platform and its continued commitment to providing responsible investment solutions to the real assets sector in Asia Pacific.

Commitment to Responsible Investing

The Manager, through Keppel Capital, is a signatory of the United Nations-supported Principles for Responsible Investment (PRI), committed to adopting the PRI’s six Principles where possible.

Meet Our ESG Committee

Pierfront Capital has established a dedicated ESG Committee to monitor existing ESG practices as well as assess and advise on strategic measures to enhance Pierfront’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

    Stephane is the CEO and CIO of Pierfront Capital and provides the strategic leadership and vision for the company. He has been with Pierfront since its inception in 2016 and He is directly responsible for the day to day running of the firm. He has over 25 years of experience in private credit, private equity and project financing, including over 20 years of experience in Asia.

    Prior to Pierfront Capital, 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 Lyon Business School.

  • Wayne Palmer
    Chief Operating Officer and Head of Strategy

    Wayne is responsible for overseeing all aspects of the effective management of operational processes and infrastructure required to support Pierfront’s growth, including operations, risk, legal and compliance, regulatory, and planning.

    Wayne has over 20 years’ experience in law and asset management platform operations and strategy, including 16 years in Asia-Pacific. Prior to joining Pierfront in 2020, Wayne spent ten years at CLSA’s asset management division, initially as Head of Legal and then as Chief Operating Officer where he oversaw all operational aspects of CLSA’s private equity, real estate, credit, real asset and hedge fund businesses. He was also previously a senior lawyer at Clifford Chance advising a range of global and regional private equity houses and banks on their transactional activities.

    Wayne holds a LL.B (Hons) in Law and a post-graduate diploma in legal practice granted by The College of Law, York. He is currently a board member of the Singapore Venture Capital and Private Equity Association and has also served as chair of its Advocacy sub-committee.

  • Richard Cox
    Chief Risk Officer (CCH) and ESG Officer (Pierfront Capital)

    Richard joined Clifford Capital Holdings as Group Chief Risk Officer in December 2022. He has 25 years of experience in risk management, covering financial and non-financial risk across a range of developed and emerging countries in Asia.

    A UK chartered accountant, Richard qualified with KPMG in London, and worked with KPMG in Taiwan, Indonesia and China. He later joined ING as Risk Manager for China, and subsequently moved to Singapore to work in regional roles as Head of Restructuring, Senior Credit Officer and Chief Risk Officer for Asia. During this time he served as a Director of ING Vysya Bank in India for eight years. Richard brings a wealth of experience across project and structured finance risk management, together with non-financial risk governance including environmental and social risk.

    Richard holds a Bachelor of Arts in English Literature from Oxford University and is a Fellow of the Institute of Chartered Accountants in England and Wales.

  • Anjali Patel
    Head of Investor Relations

    Anjali joined Pierfront Capital in 2022 and is actively involved in fund raising, deal origination, structuring and monitoring of transactions for the firm. She has nearly 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 Pierfront Capital, 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
    Senior Vice President

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

    Prior to Pierfront Capital, 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, Pierfront Capital (Pierfront) 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 Pierfront may be submitted through the following channels:

  • local_phone
    Call us at +65 6229 2900 during our operating hours
    (9am – 6pm Singapore time)
  • mail
  • drafts
    By Post
    Post a letter to the following address:
    #23-01, North Tower, One Raffles Quay, Singapore 048583

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

Pierfront 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)