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POWER SUSTAINABLE ANNOUNCES US$600M COMMITMENT TO GLOBAL HIGH-YIELD INFRASTRUCTURE CREDIT STRATEGY
POWER SUSTAINABLE ANNOUNCES US$600M COMMITMENT TO GLOBAL HIGH-YIELD INFRASTRUCTURE CREDIT STRATEG...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n \n \n \n POWER SUSTAINABLE ANNOUNCES US$600M COMMITMENT TO GLOBAL HIGH-YIELD INFRASTRUCTURE 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 \n \n Strategy Focused on Infrastructure Projects That Deliver Decarbonization and Social Progress\n \n \n \n \n \n \n MIAMI\n \n and\n \n MONTREAL\n \n \n ,\n \n \n Sept. 7, 2023\n \n \n /CNW/ -- Power Sustainable, an alternative asset manager and wholly owned subsidiary of Power Corporation of\n \n Canada\n \n (TSX: POW), announces a\n \n US$600 million\n \n commitment for the Power Sustainable Infrastructure Credit (\"PSIC\") strategy. Commitments to the strategy were made by subsidiaries of Great-West Lifeco (\"Lifeco\").\n \n \n The strategy seeks to directly originate, structure, and manage infrastructure credit assets that demonstrate positive sustainability characteristics. PSIC targets investments in the energy and decarbonization, transportation and logistics, digital infrastructure, social infrastructure, and utilities and recycling sectors.\n \n \n \"We are delighted to enter this long-term partnership with Power Sustainable. This is a compelling opportunity for us to invest across sectors which are driving decarbonization and social progress, while also capturing attractive risk-adjusted returns,\" said\n \n Raman Srivastava\n \n , Global Chief Investment Officer for Lifeco. \"We were impressed with the experience of the PSIC team, the quality of investment opportunities they are able to source, and their risk-minded approach.\"\n \n \n \n Tom Murray\n \n , PSIC Managing Partner, has more than 30 years of infrastructure financing experience, having previously led similar strategies at I Squared Capital and Apollo Global Management. Based in\n \n Miami\n \n , the team includes\n \n Daniel Fein\n \n as Principal,\n \n Ben Shenwick\n \n as Vice President, and Vitaliy Koretskyy as Senior Associate – all of whom worked extensively with Tom in prior roles. PSIC have also added\n \n Jim Moore\n \n , the former CEO of A...