Singapore’s Clifford Capital Moves into Asset Management, Appoints CIO

Singapore-based infrastructure credit platform Clifford Capital is venturing into asset management and has appointed a former Apollo managing director to head the new unit. 

Clifford Capital Asset Management (CCAM) will be the firm’s third line of business and will be headed by Vidyasagar Pulavarti, taking on the role of CIO. Pulavarti most recently served as managing director for the Asia Pacific credit platform at Apollo Global Management from January 2022 to August 2024, and has held multiple APAC-based roles in several other companies, including Commonwealth Bank of Australia, Citi, and JP Morgan Chase.

Following CCAM’s establishment, Clifford Capital also said it is in talks with the Monetary Authority of Singapore (MAS) to potentially manage the Energy Transition Acceleration Finance (ETAF) partnership, an initiative announced at the COP29 as part of a finance transition program to mobilize $5B for green investment projects. CEO Murli Maiya said the recent moves help the firm to “scale [its] business” while helping “develop institutional markets in the sustainable infrastructure space.”