AMP Capital Holds Final Close For $2.4B Infrastructure Platform

Jan 12 2017 | 11:05pm ET

Australian alternative investment manager AMP Capital has closed its global infrastructure platform with $2.4 billion in capital commitments from more than 50 institutional investors.

The company’s target was $2 billion, according to Pensions & Investments. The platform was launched in 2014 and is the result of converting the company’s open-ended AMP Capital’s Strategic Infrastructure Trust of Europe strategy, which held an existing portfolio of diversified European infrastructure equity assets, into a closed-end European fund, and then combining it with AMP’s Capital Global Infrastructure Fund.

Investors hail from from the U.K., U.S., Canada, Japan, Belgium, Denmark, the Middle East, Ireland, Australia, Spain, and Finland, according to the P&I article. The final close was held on December 29, 2016.

"We’re immensely proud of how we’ve evolved the global infrastructure platform to capture the best opportunities around the world, and the breadth of investors wanting to invest is testament to their belief in our investment strategy,” said AMP Capital Global head of infrastructure equity Boe Pahari in a statement. 

“Our focus on assets in the middle market has seen us secure a compelling range of investments already,” Pahari continued, adding that the platform has added four new assets in the past 12 months. It's global mandate is to invest in high-quality infrastructure assets offering the best relative value.

AMP Capital traces its roots back to its 1849 founding as the Australian Mutual Provident Society. Today, it is among Australia’s leading investment organizations, managing approximately A$160 billion in assets across fixed income, equities, multi-asset solutions and real estate. 

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