Clifford Capital was pleased to support the inaugural Asia Infrastructure Forum (“AIF”) in October 2019 as a silver sponsor. The AIF was co-organised by Enterprise Singapore, Infrastructure Asia, Ministry of Finance Singapore and Monetary Authority of Singapore, with World Bank Group as Strategic Partner, Financial Times as Conference Partner, and Singapore Business Federation as Supporting Partner. The forum was designed to build on the success and take forward the agendas of two of the region’s most important industry events – the Asia-Singapore Infrastructure Roundtable and the World Bank-Singapore Infrastructure Finance Summit. Speakers included Government Ministers, large asset owners, leading private investors and fund managers, MDBs, developers, technology innovators, key advisors and more. AIF featured the latest developments around finance, sustainable infrastructure and the impact of new technology before drilling more deeply into specific sectors, including energy, cities and transport, with case studies showcasing ground-breaking projects, advanced technologies and emerging funding structures.
Clifford Capital’s CEO, Clive Kerner, presented a case study at the AIF on Asia’s first project finance securitisation executed by Clifford Capital through Bayfront Infrastructure Capital, illustrating how asset securitisation can be leveraged to mobilise institutional investment into Asian infrastructure debt in order to meet the huge financing needs that the region faces for its infrastructure development. He discussed on how this would provide a means for banks, which are increasingly liquidity and capital constrained by Basel III regulations in their ability to continue providing long term loans, to recycle their commitments. Clive also went on to discuss potential future enhancements such as the introduction of a warehousing facility and an eligibility framework to govern loan take-out criteria.
Bayfront Infrastructure Capital was established in connection with the creation of an Infrastructure Take-Out Facility, designed and structured by Clifford Capital. Bayfront Infrastructure Capital offers investors exposure to a pre-assembled portfolio of marquee project and infrastructure loans to borrowers in Asia-Pacific and the Middle East through a securitisation format, which achieved financial close in July 2018.