UK pension fund partners with AMP Capital

1 December 2011
| By Tim Stewart |
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The AMP Capital Infrastructure Debt Fund has secured its first UK pension fund investor in East Riding of Yorkshire Council Property Fund.

East Riding is one of the six institutional investors that made up the fund's third close, which raised 284 million euros.

AMP Capital global head of infrastructure Andrew Jones said investors such as East Riding were attracted by the fund's high cash yields "and our ability to invest a significant portion of commitments quickly".

The fund recently secured its first US investment, with a US$20 million high-yielding loan to a US-based clean energy company with interests in 25 wind projects.

"As we continue to progress an active deal pipeline globally, our investment in a leading US-based clean energy generation company is an exciting third investment for the fund. We also expect to attract further investors into the fund from the US and Japan for the fourth close," Jones said.

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