RBC Global Infrastructure Fund surpasses $1.5bn in total commitments, poised for new investment opportunities
RBC Global Asset Management Inc. (RBC GAM Inc.) has completed the second subscription of its RBC Global Infrastructure Fund LP, raising over $850m in commitments from more than 2,100 Canadian individual and institutional investors.
This follows the Fund’s initial launch in May 2023, bringing the total subscriptions to over $1.5bn since its inception.
The RBC Global Infrastructure Fund LP offers qualified investors access to a diversified portfolio of directly held infrastructure assets, aiming to deliver attractive risk-adjusted returns.
The Fund’s manager will seek co-investment partners to invest in core and core-plus infrastructure assets, focusing primarily on developed market economies across various sectors.
Michael Kitt, managing director and head of Private Markets at RBC GAM Inc., emphasized the principles guiding RBC GAM’s private market investment program.
He highlighted the Fund as a successful example of executing these principles, noting its contribution to the suite of RBC GAM’s private market strategies, including direct real estate and mortgage funds.
Andrew Hay, managing director and head of Global Infrastructure Investments at RBC GAM Inc., expressed appreciation for the strong investor support, which led to exceeding the initial commitment target during the six-week fundraising period.
With over $900m in commitments now available, the Fund is well-positioned to capitalize on market opportunities and continue building a global private infrastructure portfolio.
The Fund’s manager plans to deploy most of the committed capital over the next year, with another subscription period expected to follow. The Fund remains open to qualified Canadian individual and institutional investors.
