Fiera Personal Debt has raised C$350m (£196.2m) on the first shut of the seventh classic of its flagship Canadian non-public credit score fund.
Fiera Personal Debt Fund VII focuses on offering senior secured time period debt financing to middle-market Canadian companies.
The Toronto-based asset supervisor stated that the fund benefited from “robust institutional investor help” and that the cash was raised by way of a closed-end fund and a individually managed account.
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“Our workforce is happy by the endorsement of each current and new buyers, which continues to validate our distinctive and longstanding place within the Canadian debt market,” stated Theresa Shutt, head of company debt.
“We leverage our lengthy observe report of profitable funding choice and rigorous underwriting to create custom-made debt options producing enticing returns.
“As such, our buyers are attracted by the out-sized money yield and draw back safety which have been central tenets of our technique for over 30 years. We’re thrilled to have the ability to help Canadian companies by way of their subsequent section of development and evolution.”
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John Valentini, govt director, president and chief govt of Fiera Personal Markets added: “Fiera Personal Debt has a management place within the Canadian market offering non-public credit score methods focusing on the mid-market phase that gives enticing returns for buyers. Not solely can we obtain enticing risk-adjusted returns for our buyers, however we additionally present an vital supply of capital in help of our debtors. Our revolutionary strategy to borrower engagement has solidified our place because the non-bank lender of selection for Canadian middle-market companies looking for a complicated financing companion.”
Fiera Personal Debt is a subsidiary of Canadian non-public debt supervisor Fiera Capital Company.
It has raised and invested over C$3.5bn in mid-market Canadian firms throughout a spread of personal credit score methods together with investment-grade non-public debt, opportunistic credit score, bridge financing and infrastructure debt.
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