Toronto PE Firm Fiera Axium Holds Initial Close on Fund II, Opens U.S. Office


Toronto-based Fiera Axium Infrastructure Inc. announced the first closing of its latest partnership, Fiera Axium Infrastructure North America LP, totaling C$200 million. Fiera’s first private equity fund, which was focused on core infrastructure opportunities in Canada, closed last year at C$460 million. The new partnership will focus on comparable investments throughout North America. In support of this new mandate, Fiera has established an office in New York, and has hired Paulo Arencibia, formerly of BNP Paribas.

PRESS RELEASE

FIERA AXIUM INFRASTRUCTURE ACHIEVES C$200 MILLION INITIAL CLOSING OF ITS SECOND MANAGED FUND; ESTABLISHES UNITED STATES OFFICE

December 11, 2012 – Fiera Axium Infrastructure Inc. (Fiera Axium) is pleased to announce the
initial closing of Fiera Axium Infrastructure North America L.P. (North American Fund), an
open-ended infrastructure fund, with commitments totaling C$200 million.

The initial closing of the North American Fund follows the successful deployment of Fiera
Axium’s debut infrastructure fund, a C$460 million closed-end fund that has been invested
across a diversified portfolio of Canadian infrastructure assets.

“The closing encompasses several significant milestones for our firm,” said Pierre Anctil,
President and Chief Executive Officer of Fiera Axium, the North American Fund manager. “The
strong support received from our investors for an open-ended structure has served to validate
our investment strategy and to support our strong belief in the long term value of core
infrastructure assets. Our investments generate stable, consistent cash flows and effectively
preserve capital over time. The open-ended construct allows us to take decisions that consider
the long-term investment horizon of our assets without reference to a fixed term,” said Mr.
Anctil.

The North American Fund will expand Fiera Axium’s geographic focus beyond Canada to
include the United States, while remaining dedicated to investments in both operational and
greenfield development opportunities in core transportation, energy and social infrastructure
assets. The North American Fund will serve as a feeder fund for two new investment vehicles,
Fiera Axium Infrastructure Canada II L.P. and Fiera Axium Infrastructure US L.P., each
investing in assets located within its jurisdiction.

“Entering the US market is an extremely exciting opportunity for Fiera Axium and our partners.
We see attractive investment opportunities across the infrastructure asset class in the US, and
in particular, an active market in power generation, which will allow us to build on our recent
investments in the power sector,” said Stéphane Mailhot, President and Chief Operating Officer
of Fiera Axium. “We look forward to building a strong team of experienced, US-based
infrastructure investment and asset management professionals,” added Mr. Mailhot.

In support of its US focus, Fiera Axium has established an office in New York and is delighted to
announce the hiring of Paulo Arencibia, who previously directed infrastructure project finance for
North America at BNP Paribas.

About Fiera Axium Infrastructure
Fiera Axium Infrastructure Inc. is an independent portfolio management firm dedicated to
generating long-term investment returns through investing in core infrastructure assets. Focus
is placed on assets that are supported by robust market demand, under long-term contract with
creditworthy counterparties, within concession-based structures or under a regulated
framework. The firm combines the capabilities of a group of professionals with extensive
infrastructure development and management backgrounds, with the fund management
expertise of one of Canada’s leading independent fund managers in Fiera Capital Corporation
(TSX: FSZ). Its management team comprises infrastructure investment specialists with decades
of combined experience acquiring, developing, financing, operating and managing infrastructure
assets. Fiera Axium Infrastructure is jointly controlled by Fiera Capital and Axium Infrastructure
Management.

For more information on Fiera Axium Infrastructure, please visit its website www.fieraaxium.com

For further information, please contact:
Stéphane Mailhot
President and Chief Operating Officer
Fiera Axium Infrastructure Inc.
E: [email protected]
T: +1 514-954-3772

Photo courtesy of Shutterstock.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.