OIC Successfully Closes Credit Opportunities Fund IV Above Target at $1.58BN

• Fund closed at $1.58BN, exceeding $1.1 billion target
• Expanded global investor base across the US, Middle East, Europe, and Asia
• ~90% re-up rate from Fund III institutional investors
• Over $500 million raised through inaugural rated note feeder

NEW YORK--(BUSINESS WIRE)--OIC is pleased to announce the successful final close of OIC Credit Opportunities Fund IV (“Fund IV” or “the Fund”), with total commitments of $1.58 billion. The Fund closed 43% above its $1.1 billion target, reflecting strong investor demand while maintaining OIC’s disciplined focus on middle-market infrastructure credit. The Fund will continue to target investments in middle-market infrastructure, providing flexible, structured capital to operating companies with resilient cashflows and strong downside protection.

Fund IV attracted substantial interest from both existing and new investors, achieving a re-up rate of ~90% from Fund III’s institutional investors. This strong level of support highlights continued investor confidence in OIC’s strategy, performance, and execution. The Fund also expanded OIC’s global investor base, with new commitments from institutions across the US, Middle East, Europe, and Asia.

Fund IV is already well advanced in deployment, with five seed investments and over 30% of capital committed. This includes announced capital partnerships with the following:

• Eagle LNG is a small-scale LNG production and logistics business serving maritime and utilities customers.
• Shaw is a 300-acre port facility and terminal strategically located on Lake Charles, adjacent to multiple LNG export projects.
• DartPoints is a regional datacenter platform that provides colocation, cloud and managed infrastructure services in Tier 2 and Tier 3 markets.
• Gevo North Dakota is a renewable fuels platform with operating assets across ethanol production, carbon capture, sequestration and storage, and RNG.

Building on the success of its prior funds, OIC will continue to focus on sourcing proprietary opportunities, structuring bespoke financing solutions, and actively managing investments to deliver attractive risk-adjusted returns. The Fund is also well positioned to capitalize on the dislocation in the private credit market, which has created additional compelling opportunities for OIC’s disciplined and partnership-oriented investment approach, aimed at successful infrastructure companies that value flexible and tailored capital solutions.

Nazar Massouh, CEO and Founding Partner of OIC, said:

“Ten years after reaching the first close of our first independent fund on March 31, 2016, we have achieved three major milestones: completing over 50 investments, raising our largest fund at approximately $1.5 billion, and welcoming a record number of investors to our platform. As Founding Partners, Gerrit and I are very proud of what the OIC team has accomplished over the past decade.”

Ethan Shoemaker, Head of Infrastructure Credit and Investment Partner at OIC, said:

“We are grateful for the support and trust of our investors, both those who have been with us for many years and those joining us for the first time. Their partnership has been instrumental in building OIC, and we are excited to deliver for them in Fund IV. Our focus is on delivering consistent outcomes across cycles as we aspire to be the partner of choice for middle-market infrastructure credit. Today’s environment is particularly compelling in the middle-market, with strong demand for capital across infrastructure subsectors creating attractive opportunities for disciplined investors able to provide flexible, structured capital solutions.”

Reyno Norval, Partner and Head of IDEA Group at OIC, added:

“The strong re-up rate from existing investors and the addition of new global relationships reflect the confidence our limited partners have in our platform, the continued demand for middle-market infrastructure credit, and the ongoing innovation in our product offering via the rated note feeder. We’re incredibly excited to have achieved several milestones over the course of the Fund IV fundraise and look forward to delivering for our investors in the coming years.”

Latham & Watkins LLP served as legal counsel to OIC and the Fund.

About OIC

With approximately $6.5 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include transportation, storage & logistics, digital infrastructure, renewable power and fuels, waste & recycling, energy efficiency and other infrastructure. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of approximately 50 professionals based in New York, Houston, and London.