Fundraising - SEPTEMBER 29, 2016

Integrated Asset holds $347m close for infrastructure debt fund

by Andrea Waitrovich

Integrated Asset Management Corp. has announced the close of its Infrastructure Private Debt Fund with commitments of $347 million. The fund, which is the firm’s first infrastructure debt fund, will make loans with terms up to 25 years.

The firm also closed its fifth mid-term private debt fund in November 2015 at $667 million. With the two closes, the firm raised more than $1 billion in the past 12 months. This has increased IAM’s assets under management by 59 percent since Sept. 30, 2015.

John Robertson, president and CEO of IAM, said in a statement, “This gives us committed but not yet invested AUM of approximately $947 million in addition to $1.7 billion in invested AUM. As the committed capital is invested, revenue will increase accordingly.”

“There is strong demand from pension funds and insurance companies for longer-term, higher-yielding assets,” said Philip Robson, president of the IAM Private Debt Group, in a statement. “Infrastructure debt provides an attractive combination of longer-term, stable, predictable income and a yield higher than that available from public market bonds.”

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