Stonebridge Infrastructure Debt Fund II LP and Stonebridge Financial Corporation, the fund manager, have recently announced the City of Saskatoon General Superannuation Plan CAD35 million (US$27 million) capital commitment in the fund.

With the City of Saskatoon’s US$35M investment in the fund, and a subsequent capital investment by the Business Development Bank of Canada (BDC) bringing BDC’s total committed investment in the fund to CAD53.4 million (US$41 million), the Fund’s total committed capital available to invest is now CAD274.2 million (US$210 million) with CAD125.7 million (US$96 million) currently invested in investment grade private debt market investments.

Stonebridge Infrastructure Debt Fund II LP is an open-ended fund with capital commitments provided by a number of Canadian institutional investors including pension funds, insurance companies and the Business Development Bank of Canada. The fund provides its institutional investors with access to investment grade Canadian private debt market assets, with long-term, predictable cash flows and premium returns over comparable government bond yields.

Stonebridge Financial Corporation, the manager, is a specialized financial services company with a proven reputation and expertise in arranging and structuring debt financing for syndication in the Canadian institutional marketplace, with a focus in the energy, infrastructure, and health care sectors. Stonebridge has arranged and syndicated over CAD3.35 billion (US$2.56 billion) of project debt financing.