Foundation Credit, an alternative asset manager dedicated to the multitrillion-dollar U.S. municipal credit and infrastructure debt markets, has achieved a final close for its infrastructure debt fund, Foundation Infrastructure Debt Fund II (FIO Fund II).
FIO Fund II closed with approximately $540 million of total capital commitments, exceeding its target. It was backed by a broad mix of existing and new institutional investors, including pension funds, insurance companies, endowments and foundations, asset managers, and registered investment advisers.
The fund makes up part of the firm’s Foundation Infrastructure Opportunities platform. It focuses on opportunities in the highly fragmented local U.S. infrastructure debt market by offering flexible capital solutions. The broad sector focus includes transportation, water and wastewater, sustainable/environmental, social, and smart infrastructure.
“As a solutions provider for essential infrastructure projects a
