CPE News (10.23.2023) – RBC Global Asset Management Inc. (RBC GAM) has held an initial close for RBC Global Infrastructure Fund LP, bringing the fund size to over $710 million.
RBC Global Asset Management announced initial close of $600 million in May 2023 (but has yet to file for its fundraising activities).
RBC disclosed that once the fund has deployed the majority of the committed capital from this initial launch, it would held a second close.
RBC Global Infrastructure Fund, open to qualified individual and institutional investors, will “provide qualified investors with access to an underlying portfolio of directly held infrastructure assets, with the aim of delivering attractive risk-adjusted returns. The Fund’s manager plans to work with co-investment partners to invest in core/core+ infrastructure assets diversified across sectors primarily focused in developed market economies, deploying currently committed capital over the next 6-18 months.”
photo credit: RBC Global Asset Management