Singapore’s Clifford Capital, AIIB launch infra JV

Singapore’s Clifford Capital Pte Ltd has tied up with China-backed multilateral lender Asian Infrastructure Investment Bank to set up a jointly-owned infrastructure financing platform called Bayfront Infrastructure Management (BIM). Bayfront’s targeted capital structure of US$1.98 billion comprises $180 million in equity funding and the rest via debt financing. AIIB will contribute to 30% of equity […]