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.
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.
The pipeline of potential new investments is very robust, and we look forward to converting the committed capital to earning assets.”
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