The purchase is a related-party deal as Centria is being bought from DJM Capital, a holding company that also controls Fiera indirectly
The Montreal-based firm is looking to leverage the purchase of London, U.K.-based Charlemagne “to become a truly global asset manager”
Monthly distributions may include return of capital
Lalonde has been with Fiera since 2008 and will continue to serve as executive vice president of the firm’s strategic investment partnerships team
The Larch Lane team, which creates customized and commingled alternatives portfolios, will add expertise to Fiera’s U.S. division
The joint venture brings Montreal-based Fiera’s current infrastructure asset portfolio to $1.22 billion
The deal more than doubles the Montreal-based firm’s presence in the U.S. institutional and subadvisory retail markets
The fund now has a new investment manager and will now be named Fiera Capital Income Opportunities Fund
A partnership with Bedrock Asset Management, which has more than US$9 billion in client assets, will give Fiera access to wealthy families and institutions overseas
Joint venture with Aquila Infrastructure Management strengthens Fiera's alternative investment offering