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Australia-Based AMP Capital Holds First Close On Global Infrastructure Platform, Cites Strong Demand
Tom Burroughes
10 March 2015
Australia-headquartered has attracted $540 million in capital for its global infrastructure platform, as its latest fund reaches its first close. The firm said the development highlights continued hunger for this asset class worldwide. The AMP Capital Global Infrastructure Fund attracted commitments from investors from countries such as Japan, Australia, the US, Canada, Ireland and Belgium. Investors have also made significant commitments to the European portion of the global infrastructure platform. The global infrastructure platform targets a final size of investment of around $2 billion. The investor commitments, combined with the existing portfolio of diversified European infrastructure equity assets worth around $750 million, mean the platform is more than half way towards meeting its target. AMP Capital had more than $118 billion in funds under management as at 31 December 2014. It runs unlisted and listed infrastructure investments in Asia, Europe, North America, Australia and New Zealand and is a subsidiary of AMP.
The raising of money in new commitments happened over the past six months, the firm said in a statement. AMP Capital has also made a number of hires in recent months, as previously reported by this publication.