Fiera Non-public Debt has raised $350m (£278m) in its first shut of the seventh classic of its flagship Canadian non-public credit score fund.
The Toronto-listed asset supervisor mentioned that the Fiera Non-public Debt Fund VII benefitted from sturdy institutional investor help, as shoppers recognised the chance offered by its differentiated technique centered on offering senior secured time period debt financing on to prime quality, middle-market Canadian companies.
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Fiera mentioned the target of the technique is to originate and proactively handle a diversified portfolio of high-quality non-public debt investments providing secure money move, enhanced yield and low volatility.
“Our staff is happy by the endorsement of each present and new buyers, which continues to validate our distinctive and longstanding place within the Canadian debt market,” mentioned Theresa Shutt, head of company debt.
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“We leverage our lengthy monitor file of profitable funding choice and rigorous underwriting to create personalized debt options producing engaging returns.
“As such, our buyers are attracted by the out-sized money yield and draw back safety which were central tenets of our technique for over 30 years. We’re thrilled to have the ability to help Canadian companies via their subsequent section of progress and evolution.”
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Fiera Non-public Debt, a wholly-owned subsidiary of Fiera Capital Company, has raised and invested over $3.5bn in mid-market Canadian corporations since inception.
It manages a spread of personal credit score methods together with funding grade equal non-public debt, opportunistic credit score, bridge financing and infrastructure debt.