Fiera Axium Infrastructure announced that it closed its first Canadian-focused infrastructure fund with C$460 million ($471 million) in commitments. The fund attracted a “diverse group of Canadian public and private pension schemes as well as other institutional investors,” the fund manager said in a statement.
The fund invests in “high-quality assets governed by a long-term contract with a creditworthy counterparty, operated within a concession-based structure or a regulated framework or that are supported by robust market demand,” the statement noted.
The fund will target greenfield and brownfield assets across Canada in the transport, energy and social infrastructure sectors. Three investments already have been made: the CHUM Research Centre, in Montreal; the Sea-to-Sky highway, in the Vancouver-Whistler corridor in British Columbia; and the Anthony Henday Drive South