Business
Fiera Private Debt Raises $350M in First Close of Seventh Vintage of its Flagship Canadian Private Credit Strategy
Fiera Private Debt Raises $350M in First Close of Seventh Vintage of its Flagship Canadian Privat...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Private Debt Raises $350M in First Close of Seventh Vintage of its Flagship Canadian Private Credit Strategy\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 6, 2024\n \n \n /CNW/ - Fiera Private Debt Inc. (\"\n \n Fiera Private Debt\n \n \"), a wholly-owned subsidiary of Fiera Capital Corporation (TSX: FSZ) (\"\n \n Fiera Capital\n \n \" or the \"\n \n Company\n \n \"), is proud to announce the first close of the seventh vintage of its flagship Canadian private credit fund, Fiera Private Debt Fund VII (\"\n \n FPD VII\n \n \"), having raised\n \n $350 million\n \n for the strategy through a closed-end fund and a separately managed account.\n \n \n FPD VII benefitted from strong institutional investor support as clients recognized the unique opportunity presented by Fiera Private Debt's differentiated strategy focused on providing senior secured term debt financing directly to high quality, middle-market Canadian businesses.  The objective of the strategy is to originate and proactively manage a diversified portfolio of high-quality private debt investments offering stable cash flow, enhanced yield and low volatility.\n \n \n \"Our team is pleased by the endorsement of both existing and new investors, which continues to validate our unique and longstanding position in the Canadian debt market. We leverage our long track record of successful investment selection and rigorous underwriting to create customized debt solutions generating attractive returns,\" said\n \n Theresa Shutt\n \n , Head of Corporate Debt. \"As such, our investors are attracted by the out-sized cash yield and downside protection that have been central tenets of our strategy for over 30-years. We are thrilled to be able to support Canadian businesses through their next phase of growth and evolution.\"\n \n \n \n John Valentini\n \n , Executive Director, Presiden...