Integrated Asset Management Corp.

Integrated Asset Management Corp.
Integrated Private Debt Corp.

October 21, 2010 08:30 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce First Close of Third Fund for $275 Million

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2010) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate debt group, Integrated Private Debt Corp. ("IPD") announced today the first closing of their third senior secured private corporate debt fund, with total commitments of $ 275 million. With this closing, IPD has assets under management and committed capital in excess of $ 1 billion.

Investors in the IPD private corporate debt funds are pension funds, large and small, public and private; and life insurance companies. IPD invests in fixed rate term loans to investment - grade mid-market companies to obtain a higher rate of return than is available from public-market bonds.

John Robertson, President of IPD, said "Our third fund includes repeat investors and first-time investors. Both groups were attracted to the combination of yield enhancement, diversification and monthly income offered by the IPD investment-grade private corporate debt funds. IPD continues to be the only asset manager in Canada to provide this strategy to institutional investors. We are very appreciative of the confidence and trust expressed by the institutional investors which over the past 5 years have committed $ 1.3 billion to our funds".

IPD provides funding from the $1.0 billion Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. IPD provides fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, business expansion, project financing and management buyouts.

IAM is one of Canada's leading alternative asset management companies, with approximately $2.5 billion in assets and committed capital under management in private corporate debt, real estate, managed futures, global bonds, private equity and retail alternative investments.

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