About IAM Group Private Debt
IAM Private Debt, Canada’s leading independent manager of investment grade, senior secured loans, was founded in 1987.
We are a significant source of capital for mid-sized Canadian companies seeking unique financing solutions. Since 2005, the team has raised $2.7 billion and invested $1.9 billion in more than 125 transactions across five discretionary debt funds. We currently manage $1 billion for Canadian institutional investors, including public and private pension funds, life insurance companies and family offices. Fund performance has been consistently strong with returns well above benchmark and exceeding investors’ expectations.
Focused on the mid-market sector, our team of seasoned professionals leverages more than 200 years of combined experience to design bespoke loans tailored to the particular circumstances of each borrower. Our investment approach is highly disciplined and credit-driven with an unwavering focus on proactive portfolio management. Investments are managed on a team basis with shared responsibility for credit quality, portfolio management and the creation of returns for our investors.
Over our 30 years of private debt investing, we have made loans in over 25 industries and have built an established origination platform with extensive referral networks and deep market knowledge.
In November 2015 we closed our fifth mid-term fund, raising $667 million. In September 2016 we closed our first Infrastructure Private Debt Fund at $347 million.
We are currently raising capital for a non-investment grade fund that will utilize our existing credit platform to extend our senior secured, direct lending expertise to smaller borrowers that fall outside the investment grade credit parameters of our existing funds. The fund will focus on providing senior secured debt to small and mid-sized borrowers which have a credit quality equivalent to B/BB. Our objective will be to acquire and manage a diversified portfolio of loans to we established borrowers with EBITDA in the $2 – 10 million range to provide superior risk-adjusted returns to our investors with loans carrying yields between 8.0% and 12.0%.
In the spring of 2018, we will be launching our sixth corporate mid-term, investment grade fund following the successful investment of our fifth fund raised in late 2015.
Interviews & Articles
Private Debt, the last bastion of alternative assets, gains a new management entrant – September 2017
Infrastructure Private Debt: Opportunities for Premium Returns in the Canadian Mid-Market – January 2017