Integrated Asset Management (IAM) has launched an infrastructure division under the leadership of Michael Kosiancic, CFA, who has joined the firm as President of IAM Infrastructure Group.
Kosiancic has more than 20 years of experience in the infrastructure sector in Canada, with a particular interest in renewable energy. He has led or managed more than 40 transactions with an aggregate value in excess of USD3 billion
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Kosiancic says: “We will focus on the mid-market sector, where there is less competition, less crowding-out and the potential for superior returns. We expect a typical project will be in the USD40 million to USD100 million range, with an equity investment ranging from USD10 million to USD25 million."
John Robertson (pictured), President and CEO of IAM, says: “We are excited about this expansion of our product offering. We know that there is strong demand from investors for infrastructure. However, that demand and intense competition for suitable investments have not only compressed returns but slowed the rate at which commitments are actually being invested. Our research shows a large backlog of projects in the mid-market sector and we are confident that we can seize that opportunity and invest on a timely basis.
“This new venture is highly complementary to our existing private debt and real estate groups, which have been very successful with a similar focus on the mid-market."
