Vidyasagar Pulavarti joined Clifford Capital on Jan. 6 as chief investment officer of Clifford Capital Asset Management, a newly launched arm of the business, according to a statement on Jan. 6.
CCAM will add to Clifford Capital’s existing lines of business in origination and structuring and distribution. The asset management business will provide infrastructure credit solutions to institutional investors, a spokesperson said.
The firm has also been in discussion with the Monetary Authority of Singapore to manage the Energy Transition Acceleration Finance partnership, an infrastructure financing program that invests in energy transition projects such as renewable energy, grid modernization and development, and the early retirement of coal assets.
Pulavarti relocated to Singapore from Sydney to take up the position. He has over two decades of global credit and investment management experience, most recently as managing director of Asia Pacific credit at Apollo Global Management, which he left in August.
An Apollo spokesperson declined to comment. A Bloomberg report in July said that the company will not be replacing Pulaverti as its credit business in Asia-Pacific is well covered.
Apollo's APAC credit business has over 35 investment professionals including partner and emerging market debt head Brigitte Posch who relocated to Singapore from London earlier this year.
Clifford Capital has $8 billion in cumulative commitments to its infrastructure credit solutions across energy and utilities, natural resources, industrial and transportation, and social and digital infrastructure sectors.
The firm has a policy mandate from the Singapore government to support companies connected to Singapore.
