Power Sustainable Infrastructure Credit (PSIC) has reached a $1bn final close for its inaugural infrastructure credit strategy, including $800m of investor commitments across the commingled fund and a series of separately managed accounts, according to a report by Alternative Credit Investor.
Since launch, the strategy has completed eight investments, deploying capital across a diversified portfolio of infrastructure assets in North America.
PSIC focuses on providing bespoke, asset-backed financing solutions across infrastructure sectors including energy and decarbonisation, transportation and logistics, digital infrastructure, social infrastructure, utilities and recycling. Investments to date have targeted areas benefiting from long-term structural demand, such as community solar, fibre-to-the-home networks, data centres and aerial firefighting.
Power Sustainable is a subsidiary of Power Corporation of Canada and invests across energy, food, mobility, connectivity and the built environment through both equity and credit strategies.
