AMP Capital’s Global infrastructure Fund II (GIF II), with commitments from more than 60 institutional clients from across the globe, has reached its US$3 billion ($4.3 billion) target and will close at US$3.4 billion.
The fund, whose investors included public and corporate pension funds, fund of funds, insurance companies, family offices and sovereign wealth funds, aimed to invest into four infrastructure sectors such transport, communications, infrastructure health and energy.
In the UK, the investments included London Luton Airport and specialist care provider, Achieve Together, while in the US GIF II was invested in assets such as Midwest fibre provider, Everstream, and gas-fired power generation portfolio which supported the energy transition in power markets, AMPCI Thermal Power, as well as Expedient, a provider of cloud computing and data centre services.
According to global head of infrastructure at AMP Capital, Boe Pahari, the close for GIF II was a significant step in the growth of AMP Capital’s infrastructure business.
“Our approach brings private equity-style rigour to infrastructure investing, influencing and delivering on business performance, and ensuring the provision of high-quality essential services with our strong heritage in ESG and responsible investment,” he said.
