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This is a common arrangement in the cannabis space, primarily because it enables the operator to use more capital to run the actual business. The company took on some costs for property managementfees it had to pay for properties it took back possession of, as well as costs associated with reclassifying leases on two properties.
Limited partners are also gravitating towards their lower managementfees, and the flexibility that comes with co-investing on a deal by deal basis. PSCP has committed capital from two family offices and a mandate to invest in attractive opportunities in the lower middle market.
Operating expenses increased by $112 million due to an increase in full-time globally positioned talent, continuous improvements to our technology and data infrastructure, and the development of our investment science capabilities. Invested US$148 million in the senior secured notes of Auna S.A.A., billion of investedcapital.
Growing public deficits, a modernizing digital world, advancing energy independence, and the energy transition are driving the mobilization of private capital to fund critical infrastructure. Infrastructure investment is a fast-growing market. Our capitalmanagement strategy remains consistent.
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