The Vancouver-based alternative asset manager was established to collaborate with First Nations on investments and training a new generation of business leaders.
have given equity stakes in infrastructure projects to Indigenous groups as part of their strategy to gain social license for developments and further reconciliation. Longhouse is already serving as an adviser on similar partnerships.
The AFN study found it would cost $5.2-billion to bring wireless and internet connectivity in mainly rural Indigenous homes to urban standards. It said it will cost $12.7-billion to fund Indigenous net-zero emissions initiatives and identified a $59-billion shortfall on infrastructure investment. Every dollar of spending on Indigenous infrastructure generated between $2.46 and $3.83 of benefits for the entire economy, the study found.
“Private credit is a significant alternative asset class, generating income greater than 10 per cent” annually, Mr. Cugno said. He added that the global figure of such assets is “approaching US$1.4-trillion today and expected to grow to US$2.6-trillion by 2026 to meet borrower demand.”
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