RBC Global Asset Management (RBC GAM) has completed the second subscription of the RBC Global Infrastructure Fund, raising more than $850 million in commitments from more than 2,100 Canadian individual and institutional investors.
The second subscription followed the fund’s initial launch in May 2023, bringing total subscriptions to more than $1.5 billion since its inception.
The RBC Global Infrastructure Fund provides investors with access to an underlying portfolio of directly held infrastructure assets, with the aim of delivering attractive risk-adjusted returns. The fund’s manager will identify coinvestment partners to invest in core and core-plus infrastructure assets diversified across sectors, primarily focused in developed market economies.
“We saw tremendous interest as we materially exceeded our initial commitment target over the course of our six-week fundraising period, and we are grateful for the support from investors,” said Andrew Hay, man