Fiera Axium raises $202 million for infrastructure fund
Canadian management firm Fiera Axium has raised $202 million for its open-end infrastructure fund, Fiera Axium Infrastructure North America. The fund serves as a feeder fund for two new investment vehicles, Fiera Axium Infrastructure Canada II and Fiera Axium Infrastructure U.S. The core subfunds invest in greenfield and brownfield core infrastructure opportunities in the United States and Canada across various sectors.
Fiera Axium Infrastructure North America was launched in January 2012. Each of the subfunds invests in core infrastructure assets within its jurisdiction, says Stéphane Mailhot, president and COO at Fiera Axium.
The funds have begun to invest their capital. In British Columbia, Fiera Axium has purchased a 60 percent interest in the 235-megawatt Toba Montrose run-of-river hydroelectric facility and a 49 percent interest in the 144-megawatt Dokie 1 wind farm from GE Energy Financial Services.