Stonebridge Financial Corporation has hired Peter Bullen, a project finance professional and former director with public-private partnership (PPP) stalwart Plenary Group.
The website for Stonebridge, a financial services outfit located in Montreal and Toronto, listed Bullen as director of structured and project financing. Bullen, who joined Plenary in 2005, noted he joined Stonebrdige in September. He is trained as a lawyer.
Stonebridge, meanwhile, is raising capital for its Stonebridge Infrastructure Debt Fund I, billed as the first-ever infrastructure debt fund focused on Canada.
The fund reached its first close on C$150 million in April (€120 million; $154 million), and is targeting C$350 million by year-end.
Stonebridge established its infrastructure debt vehicle in 2011 with pension adviser PBI Actuarial and PPP Canada. Louis Belanger is portfolio manager.