Power Sustainable‘s infrastructure credit arm has secured more than $1bn (€840mm) for its global infrastructure credit strategy, following the final close of its inaugural fund in December.
Power Sustainable Infrastructure Credit’s (PSIC) total capital secured includes over $800m in commitments across the maiden fund and separately managed accounts.
PSIC’s strategy provides financing solutions to companies and management teams across the infrastructure sectors, including energy and decarbonisation, transportation and logistics, digital, social and utilities and recycling.
The strategy has so far completed eight investments, deploying capital across a diversified portfolio of infrastructure assets in North America.
Tom Murray, managing partner of PSIC, said: “We have strong conviction in the opportunity for private credit in infrastructure across the core sectors of the economy, where demand for tailored, asset-backed financing solutions continues to grow.
“We are grateful to our investors for their commitment and for their continued support as we deploy capital across this opportunity set.”
Bruce Heyman, CEO of Power Sustainable, said: “The close of the inaugural infrastructure credit fund is an important milestone for Power Sustainable.
“The pace at which the strategy has been built reflects both the depth of the opportunity set and the team’s ability to execute, and we are energised by the continued momentum behind the platform.”
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