AMP Capital’s global infrastructure platform raised nearly US$400 million ($557 million) cumulatively for its second and third close, surpassing US$1 billion in new commitments.
As it nears its final close of US$2 billion the investor commitments combined with the platform’s existing portfolio of diversified European infrastructure equity assets mean the platform is more than three quarters towards meeting its target.
AMP Capital global infrastructure fund managing partner, Boe Pahari, said “investors have come to understand the many benefits that infrastructure provides to a portfolio such as low volatility, high yield, GDP and inflation linkage, and low correlation with equities”.
The platform’s investment mandate is to focus on mature, brownfield assets that hold monopolies or long-term contracted revenues in sectors offering the best relative value such as transport, energy, communication, and utilities.
Also commenting, AMP Capital chief executive international, Anthony Fasso, said the offering was resonating with both new clients and existing investors.
“New clients have come from Japan, the Middle East, Denmark, Finland, Spain, Switzerland, Canada, and the US,” he said.
