RBC Global Asset Management held $600M initial close for RBC Global Infrastructure Fund LP, managed by Andrew Hay and supported by RBC GAM Private Markets team led by Michael Kitt.
Power Sustainable Energy Infrastructure Canada Fund I secures $600M in "Vintage II" commitments from founding partners Desjardins Group, Empower Annuity Insurance Company of America, and Après-demain SA, new commitments from Fonds de solidarité FTQ, the Coutu Family Office and Canada Post Corporation Registered Pension Plan.
Brookfield Asset Management Inc. held initial close for US $35B plus fifth flagship infrastructure fund, Brookfield Infrastructure Fund V.
Slate Asset Management appointed Jeff Rodgers as Managing Director, North American Infrastructure and Ryley Gartshore as Vice President to build out Slate’s infrastructure platform in North America
Brookfield Asset Management Inc. held US $15B final institutional close for Brookfield Global Transition Fund, largest private fund ever raised to support the transition to net zero. Mark Carney and Connor Teskey is leading the fund.
Backed by Caisse de dépôt et placement du Québec (CDPQ), Pomerleau Capital launched PCap Infrastructure & Renewables Fund, to invest over $85M in equity investments in infrastructure and renewable energy projects
Desjardins Global Asset Management launched DGAM Global Private Infrastructure Fund for Canadian institutional investors. Desjardins will invest "massively" alongside the investors.
Axium infrastructure managed funds raised in excess of US $2 billion in Q3, 2021, bringing total capital under management to over US $7 billion.
AGF Management and Instar Group Inc. to end JV relationship in InstarAGF Asset Management. AGF agreed to support with an anticipated US $50 million capital commitment to upcoming Instar III fund.
Fiera Capital's Fiera Private Debt Inc. launched North American middle-market infrastructure debt strategy targeting $500 million in AUM.
InstarAGF Asset Management closed InstarAGF Essential Infrastructure Fund II with US $1.2B from AGF Investments, institutional and high net worth investors from Canada, Europe, USA, Middle East and Asia
Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) held final close Brookfield Infrastructure Fund IV with US $20B total capital commitments
CPPIB committed US $150M along with up to US $450M co-investment rights to National Investment and Infrastructure Fund (NIIF)'s Master Fund
InstarAGF launched second infrastructure fund, InstarAGF Essential Infrastructure Fund II.