OIC Secures $1.6 Billion for Infrastructure Credit Fund, Exceeding Target by 43%

OIC's Credit Opportunities Fund IV has closed at $1.6 billion, exceeding its original target of $1.1 billion. The fund attracted commitments primarily from U.S., Middle Eastern, European, and Asian investors, with a notable return of approximately 90% of institutional backers from the previous fund, including a $125 million commitment from the Florida State Board of Administration.

This latest fund represents a 46% increase in size compared to its predecessor, which closed in March 2021. Fund IV is over 30% committed across five investments, including Eagle LNG and DartPoints. Current market conditions show high demand for capital in infrastructure, particularly among middle-market borrowers requiring flexible financing solutions.