Integrated Asset Management Corp. (CA: IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announce the closing yesterday of Integrated Private Debt Fund LP II with total commitments of $ 425 million.
Proceeds will be used to make senior, investment grade, term loans of up to 10 years to private and public mid-market companies for purposes such as re-financing core debt, plant expansion or modernization, acquisition financing, project financing and management buyouts.
IPD provides funding from and manages over $ 1 billion in assets and committed capital in two private debt funds on behalf of a number of pension funds and other institutional investors.
Investors in the first fund have enjoyed very strong performance, as the fund has substantially outperformed its benchmark, the DEX Universe Index, with lower volatility.
INFO SOURCES
Integrated Asset Management Corp. (CA: iam)
FIRMS
Integrated Asset Management Corp. (CA: iam) is Canada's leading alternative asset management company, with approximately $3.5 billion in assets and committed capital under management in private corporate debt, private equity, real estate, managed futures and retail alternative investments.
PEOPLE
John Robertson, President of Integrated Private Debt Corp.("IPD")
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