Vidyasagar Pulavarti

Clifford Capital, an infrastructure credit platform based in Singapore, has expanded into asset management.

The company has also appointed Vidyasagar “Vid” Pulavarti as chief investment officer of the new business, Clifford Capital Asset Management ( CCAM ).

This will the third line of business for Clifford Capital, complementing its origination and structuring, and distribution businesses.

The group is also in discussions with the Monetary Authority of Singapore to manage the Energy Transition Accelerator Financing ( ETAF ) platform as recently announced at COP29 in Baku, Azerbaijan. The ETAF seeks to facilitate capital mobilization among funding partners to scale the financing of renewable energy technologies to 5 gigawatts by 2030.

Pulavarti, who joined CCAM on January 6, has over 20 years of global credit and investment management experience. He most recently served as managing director of APAC credit at Apollo Global Management, where he established the firm's pan-Asia-Pacific private credit business. His career includes senior positions at various financial institutions such as Commonwealth Bank of Australia, Citibank and JPMorgan Chase.

"The establishment of CCAM represents a significant milestone in our evolution as an infrastructure credit platform," says Sanjiv Misra, chairman of CCAM and Clifford Capital.

"Vid’s appointment, combined with our integrated approach across corporate origination, underwriting, distribution and institutional services, positions us well to scale our business, positively impact our clients and help develop institutional markets in the sustainable infrastructure space," adds Clifford Capital chief executive officer Murli Maiya.