Canadian firms launch C$50m ‘direct’ infra fund

Connor, Clark & Lunn has teamed up with a construction firm to launch an infrastructure fund targeting high-net-worth individuals

A Canadian infrastructure investor has joined forces with a construction firm to launch what they claim is a “unique” fund allowing small investors to invest directly in infrastructure.

Connor, Clark & Lunn (CC&L) has formed a limited partnership with constructors the Graham Group to a launch CC&L GVest Traditional Infrastructure LP, targeting C$50 million (€31 million; $40 million) from wealthy Canadians.

“Until now, only large institutional investors and pension plans have been able to invest in this asset class,” says Matt O’Brien, CC&L’s president, “[The fund] allows smaller institutional and high net worth investors to invest directly in the assets themselves.”

It will enable LPs to be sole investors for smaller infrastructure projects, only pooling resources for larger initiatives

The fund has been established because infrastructure spending will exceed C$25 trillion over the next two decades, of which Canada could spend over $100 billion, the firms said.