North35 Capital Partners, an Indigenous-led advisory firm has entered into a Development Agreement with Graham Capital, the equity developer of public infrastructure and public-private partnerships for the Graham Group. The Development Agreement is in support of the operation of the Indigenous Infrastructure Fund (IIF), an innovative investment vehicle that will focus on equity investments in revenue-generating infrastructure projects involving Indigenous communities. The IIF is designed to deploy its own capital and attract additional private sector investment to infrastructure projects that will contribute to closing the gap in Indigenous infrastructure while generating market returns for investors.

North35 Capital Partners continues to fund-raise for the IIF with an expected first close by the end of the fourth quarter. The goal is to raise USA 100 million and there is a minimum requirement of USD 5 million for the investors. 

The IIF will invest in the following infrastructure sectors – utilities, transportation, social, renewable energy and telecommunications. Under the Development Agreement, Graham Capital will provide services regarding the IIF such as due diligence, investor reporting, asset management and the raising of project-level debt.