IAM Private Debt Group, an affiliate of Integrated Asset Management Corp (IAM), has secured $843 million in the close of its sixth private corporate debt fund.
The close brings the group’s total assets managed and committed capital to about $3.1 billion. Since 2005, it has raised more than $3.5 billion from Canadian pension funds, endowments, insurers and other institutional investors.
Led by President Philip Robson, IAM Private Debt Group provides term loans of $10 million-plus to mid-market companies for refinancings, acquisitions, plant expansions or modernizations, project financings and management buyouts.
IAM is a Toronto-based alternative asset management firm.
Integrated Asset Management Corp. and IAM Private Debt Group Announce CAD 843 Million Close of Sixth Private Corporate Debt Fund
TORONTO, Jan. 15, 2019 (GLOBE NEWSWIRE) — Integrated Asset Management Corp. (“IAM”) (TSX:IAM) and IAM Private Debt Group today announced the close of its sixth Private Corporate Debt Fund with commitments of $843 million.
John Robertson, President and CEO of IAM said “I would like to congratulate the Private Debt Group on completing our largest fund raise ever. This brings our total assets under management and committed capital to approximately $3.1 billion.
The Real Estate Group and the Private Debt Group together have raised just under $1 billion in new capital commitments in calendar 2018. We earn management fees on invested capital, not committed capital. We now have over $1 billion in committed capital to be invested.”
Philip Robson, President of the IAM Private Debt Group, said “There continues to be strong demand from institutional investors for longer term, higher yielding assets that provide an attractive combination of stable, predictable income and a yield higher than that available from public market bonds. We were pleased to welcome to our sixth private corporate debt fund both returning and new investors.
In the last 14 years the IAM Private Debt Group has raised more than $3.5 billion for investment grade private debt on behalf of Canadian pension funds, endowments, insurance companies and other institutional investors.
The pipeline of potential new investments is very robust, and we look forward to converting the committed capital to earning assets.”
IAM is one of Canada’s leading alternative asset management companies with approximately $3.1 billion in assets and committed capital under management in private debt, infrastructure debt and real estate.
For further information, please contact
Tom Felkai, CFO
Integrated Asset Management Corp.
Philip Robson, President
IAM Private Debt Group