The White House Rural Council has launched a $10bn infrastructure fund to promote potential investment opportunities throughout rural America.
US national cooperative CoBank, and a member of the Farm Credit System, is the fund’s anchor investor, having laid down the initial $10bn.
Capitol Peak Asset Management will manage the new fund and try to recruit more investors to add to CoBank’s initial commitment.
The investment fund will aim to grow the rural economy by increasing access to capital for rural infrastructure projects and speeding up the process of rural infrastructure improvements, said the rural council.
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