RBC Global Asset Management has announced the first closing of its RBC Global Infrastructure Fund with more than $600 million in commitments from more than 1,800 institutional and individual Canadian investors.
The open-end RBC Global Infrastructure Fund was launched earlier this year and will provide investors with access to an underlying portfolio of directly held infrastructure assets. The fund's manager plans to work with co-investment partners to invest in core/core-plus infrastructure assets diversified across sectors, primarily focused in developed market economies.
“Investors are looking for ways to access private infrastructure investments to diversify and enhance their portfolios,” said Andrew Hay, head of global infrastructure investments at RBC GAM. “We have seen exceptional interest in the RBC Global Infrastructure Fund from a wide range of investors. We are grateful for the interest from clients, and we are excited to begin building a portfolio of d
