Key Takeaways
- • US private credit manager Foundation Credit closed its second infrastructure debt fund at approximately $540m, exceeding its $500m fundraising target, according to AltAssets Private Equity News.
- • The close came about a week after Foundation Credit announced a majority investment from fellow alternative asset manager New Holland Capital.
- • The article's full text is behind a premium paywall, so fund terms, investor composition, and strategy details beyond the headline figures could not be verified.
Summary
US private credit manager Foundation Credit has closed its second infrastructure debt fund at approximately $540m, according to AltAssets Private Equity News. The final close exceeds the fund's $500m target, a result the publication frames as a strong fundraise for an infrastructure-focused private credit strategy.
The close follows by roughly one week Foundation Credit's announcement of a majority investment from New Holland Capital, another alternative asset manager. The timing links the two developments: the fundraising outcome arrived shortly after the change in ownership structure at the firm.
The source article is available only to premium subscribers, so further details such as the fund's strategy specifics, target return or yield profile, underlying investor base, and the size of New Holland's stake could not be confirmed from the available text. Readers seeking those particulars should consult the full AltAssets report or the firms' own disclosures.
The close follows by roughly one week Foundation Credit's announcement of a majority investment from New Holland Capital, another alternative asset manager. The timing links the two developments: the fundraising outcome arrived shortly after the change in ownership structure at the firm.
The source article is available only to premium subscribers, so further details such as the fund's strategy specifics, target return or yield profile, underlying investor base, and the size of New Holland's stake could not be confirmed from the available text. Readers seeking those particulars should consult the full AltAssets report or the firms' own disclosures.
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