Fundraising - MARCH 26, 2020

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Middlefield’s Sustainable Infrastructure Dividend Fund raises $80m in IPO

by Kali Persall

Middlefield Group has raised $80 million for its Sustainable Infrastructure Dividend Fund in an initial public offering (IPO) that was floated on the Toronto Stock Exchange.

The IPO was 8 million units, listed at a price of $10 per unit.

The portfolio will focus on sustainable infrastructure by investing in securities of issuers whose infrastructure assets the adviser believes have been developed and operated with ESG concerns in mind.

Middlefield creates and manages specialized investment products for individual and institutional investors, according to the firm’s website. Middlefield has experience in the oil and gas mining sectors and has acted as agent or manager for more than $2.5 billion of resource investments since 1983.

The company has approximately $4 billion in assets under management.

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