Canadian firm raises C$175m for infra fund

The Fiera Axium Infrastructure Canada Limited Partnership will invest in core transportation, energy and social infrastructure assets in Canada.

Fiera Axium Infrastructure, a Canadian investment firm, has reached a first close on C$175 million ($170 million; €125 million) for an infrastructure fund, according to a statement.

The Fiera Axium Infrastructure Canada Limited Partnership, a closed end fund focusing on infrastructure assets, completed the initial closing on 19 February.

The Fund will invest in core transportation, energy and social infrastructure assets in Canada. Fiera said both existing assets and new-development projects will be considered for investment.

Fiera Capital, one of the two joint owners of Fiera Axium Infrastructure, also said it had launched its own fund, Fiera Infrastructure Fund I, that would invest in limited partnerships managed by Fiera Axium Infrastructure.

No targets were disclosed for either rund. A spokesperson for Fiera did not respond to requests for comment by press time.

Fiera Capital is a Canadian asset manager with C$21.2 billion in assets under management, according to the statement.

Fiera’s joint venture partner in Fiera Axium Infrastructure, Axium Infrastructure Management, is a company founded by Pierre Anctil, who also serves as the president and chief executive officer of Fiera Axium Infrastructure, according to the statement.