A coalition of Canadian pension and institutional investors formed to pool their resources to create a customized infrastructure investment program, the Infrastructure Coalition LP, and the manager of the program, Aquila Infrastructure Management, have announced a C$105 million first close.

Coalition investors include the University of Ottawa and Teachers’ Retirement Allowances Fund (TRAF).

“There are a number of larger Canadian institutions and pension funds that have teams to invest in the infrastructure asset class directly,” says Alina Osorio, CEO of Aquila Infrastructure Management. “The intention [in forming our coalition] was to duplicate what some of the larger institutions can do. The coalition members realize that