ADB makes $95m sustainable infrastructure investment in CCH
The Asian Development Bank is investing up to $95 million in Clifford Capital Holdings (CCH), a Singapore-headquartered specialist financing and distribution platform for infrastructure and other real assets globally.
The transaction comprises a $50 million investment from ADB and a $45 million investment from the Leading Asia’s Private Sector Infrastructure Fund to be administered by ADB. It is ADB’s first investment in a Singapore entity since the opening of its Singapore Office in March 2020.
ADB will have a shareholding interest of 6.3% in CCH immediately post-closing and a pro forma shareholding of 10.8% once all equity capital committed has been fully deployed. ADB’s investment will help to fund CCH’s future growth plans, including in sustainable infrastructure financing in developing Asia.
