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Fundraising - JANUARY 11, 2013

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Stonebridge Financial holds final close for first fund

by Sara Kassabian

Toronto-based Stonebridge Financial Corp. has held a final close for its first fund, Stonebridge Infrastructure Debt Fund I LP (SIDF), with $204.1 million in capital commitments. The fund didn’t have an official launch date as it was established mostly for clients of PBI Actuarial Consultants Ltd., an actuarial pension, benefits and investment consulting firm.

“We’re happy with the final close amount since the infrastructure debt market is a new asset class for most institutional investors,” says Louis Bélanger, the fund’s managing director.

Eight institutional investors committed to the fund, including the Business Development Bank of Canada, the Teamsters Canadian Pension Plan and six more Canadian pension funds.

SIDF invests in Canada, mostly in club deals syndicated to life insurance companies. Investment types include social infrastructure, such as courthous

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