Fiera Capital Corporation, a Canadian investment management firm, has launched of the Fiera Private Infrastructure Fund.
The fun aims to provide access to Canadian accredited investors to investments in core infrastructure assets, previously only available to institutional and private wealth investors.
Fiera Capital will be the fund manager and plans to invest a significant portion of the fund's assets directly or indirectly in certain funds managed by Fiera Axium Infrastructure Inc. and its wholly owned subsidiary Fiera Axium Infrastructure US Inc., together Fiera Axium.
Fiera Axium is jointly controlled by Fiera Capital and Axium Infrastructure Management Inc. Fiera Axium invests in a diversified portfolio of high-quality infrastructure assets inNorth America, within the energy, transportation and social infrastructure sub-sectors. With aggregate capital commitments of $971 million and equity interests in over 30 projects, Fiera Axium has assembled a highly qualified team of infrastructure investment specialists with decades of combined experience acquiring, developing, financing, operating and managing infrastructure assets and companies.
François Bourdon, Chief Investment Solutions Officer at Fiera, stated:
"Broadening Fiera Capital's infrastructure offering further reinforces our presence in the realm of non-traditional investment solutions. We feel strongly that a wider group of investors from the retail channel should have access to and invest in infrastructure projects backed by creditworthy counterparties, opportunities which are typically limited to institutional investors. We are thrilled to further expand our already successful infrastructure strategies to meet the evolving needs of our growing investor base."
"In addition to providing accredited investors with increased portfolio diversification, the Fund seeks to offer attractive long-term returns generated from cash yield and capital appreciation. The Fund will aim to generate stable and predictable cash flows providing high single-digit return per annum over five-year moving periods."