North35 Capital Partners and Graham Capital enter into a Development Agreement to support the Indigenous Infrastructure Fund
North35 Capital Partners, an Indigenous-led advisory firm today entered into a Development Agreement with Graham Capital, the equity developer of public infrastructure and public private partnerships for the Graham Group. The Development Agreement is in support of the operation of the Indigenous Infrastructure Fund (“IIF”), an innovative investment vehicle that will focus on equity investments in revenue generating infrastructure projects involving Indigenous communities. The IIF is designed to deploy its own capital and attract additional private sector investment to infrastructure projects that will contribute to closing the gap in Indigenous infrastructure while generating market returns for investors.
“The infrastructure gap in Indigenous communities is well documented and has been estimated to be up to $30B. This gap will not be closed by government alone and so this provides a real opportunity for private sector involvement,” said Clint Davis, CEO of North35 Capital Partners. “Graham Capital is a market leader in infrastructure development with a long history in Indigenous partnerships. Their infrastructure expertise and commitment to Indigenous communities will provide significant value to the development of the Indigenous Infrastructure Fund.”
“Graham is very proud of our Indigenous partnerships, which have spanned western and central Canada, and so our relationship with North35 Capital Partners fits well with our commitment”, said Tim Heavenor, CEO Graham Capital. “We believe the Indigenous Infrastructure Fund will be a catalyst in developing a robust Indigenous infrastructure market that will have a positive impact on Indigenous communities.”
North35 Capital Partners continues to fund-raise for the IIF with an expected first close by the end of the fourth quarter. The IIF will invest in the following infrastructure sectors – utilities, transportation, social, renewable energy and telecommunications. Under the Development Agreement, Graham Capital will provide services regarding the IIF such as due diligence, investor reporting, asset management and the raising of project level debt.
About North35 Capital Partners
North35 Capital Partners is an Indigenous-led business and capital advisory firm that is sponsoring the creation of the Indigenous Infrastructure Fund. The IIF will deploy capital primarily in infrastructure projects that are on Indigenous land or near Indigenous communities, while generating market returns for its investors.
About Graham Capital
Graham Capital is a market leader in the development of public infrastructure and public private partnerships. As a part of the larger Graham Group of companies, Graham Capital represents over 25 experienced professionals who provide project finance and development expertise on civil, social and energy projects, building on Graham’s track record of construction delivery in Canada and the U.S.
Clint Davis, CEO
North35 Capital Partners
Adam Burk, VP Investments