Fiera Non-public Debt has raised $350m (£278m) in its first shut of the seventh classic of its flagship Canadian personal credit score fund.
The Toronto-listed asset supervisor mentioned that the Fiera Non-public Debt Fund VII benefitted from robust institutional investor help, as shoppers recognised the chance offered by its differentiated technique targeted on offering senior secured time period debt financing on to top quality, middle-market Canadian companies.
Learn extra: CrowdProperty secures C$5.25m mortgage from Canada’s Move Capital
Fiera mentioned the target of the technique is to originate and proactively handle a diversified portfolio of high-quality personal debt investments providing secure money move, enhanced yield and low volatility.
“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,” mentioned Theresa Shutt, head of company debt.
Learn extra: Canadian pension funds increase into personal credit score
“We leverage our lengthy observe file of profitable funding choice and rigorous underwriting to create personalized 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 means of their subsequent part of progress and evolution.”
Learn extra: Manulife to purchase Lord Hintze’s credit score investor CQS
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 variety of personal credit score methods together with funding grade equal personal debt, opportunistic credit score, bridge financing and infrastructure debt.
