AMP Capital raises over US$300 million for second infrastructure debt fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
AMP Capital raises over US$300 million for second infrastructure debt fund

AMP Capital has attracted more than US$300 million from 17 institutional investors from Japan, United Kingdom, Korea, Switzerland and Australia, to complete the first close of the AMP Capital Infrastructure Debt Fund II (IDF II).

The fund will invest in the subordinated debt of infrastructure assets in the essential services of water, gas, electricity and transportation located in Europe, North America and Australia.

IDF II follows the success of AMP Capital's first Infrastructure Debt Fund which closed to new investment in June 2012 after raising US$503 million from 30 global institutional investors.

AMP Capital Global Head of Infrastructure Debt Andrew Jones said there was great momentum in attracting new global investors to IDF II. Mr Jones said:

"Investors globally are seeking stable high cash yield, defensive and predictable investments and that's why we've been so successful in attracting clients to IDF II.We've also completed the Fund's first investment, securing a £50 million subordinated loan to Heathrow Airport. The team is pursuing a strong pipeline of attractive investment opportunities and expect to announce further investments shortly."

The portfolio is expected to consist of investments in the subordinated debt of 10 to 15 companies headquartered in OECD countries.

AMP Capital Chief Executive International and Head of Global Clients Anthony Fasso said:

"We are very pleased to welcome new clients to AMP Capital, including one of the top insurance companies in South Korea. The broad interest we've seen from investors in the US, Asia, Australia and Europe - including attracting our first Swiss client - is testament to the compelling investment opportunity IDF II offers.This is also the first direct infrastructure fund that our business partner Mitsubishi UFJ Trust and Banking Corporation (MUTB) has marketed to their clients, with great success."

AMP Capital's global infrastructure debt team has eight investment professionals located in London, New York and Sydney. As one of the first to launch a global infrastructure debt fund, the investment team has successfully invested more than US$1.8 billion (as at 30 June 2013) in 38 infrastructure debt assets since 2001.

Source: AMP Capital
List of country news

Country news

  • August 28, 2013

    Feasibility study for Western Sydney light rail completed

    Parramatta City Council, a local government in the western region of Sydney, has now completed the two part $1 million feasibility study for the proposed Western Sydney Light Rail Network. Read more
  • September 09, 2013

    MTAA Super sells Mildura hospital PPP project to Victoria state

    Access Capital Advisers and MTAA super have announced that the Motor Trades Association of Australia Superannuation Fund (MTAA Super) has successfully sold its interest in Mildura Base Hospital to the State of Victoria. Access Capital Advisers advised MTAA Super on their original acquisition of the Hospital in 2001 and has managed the asset since that time. Read more
  • September 10, 2013

    Jacobs acquires Australian engineering firm in a US$1.1 billion deal

    Jacobs Engineering Group Inc. has announced that it entered into a merger implementation agreement with Sinclair Knight Merz (SKM), a 6,500-person professional services firm headquartered in Australia, for approximately AUS$1.3 billion in cash (approximately US$1.2 billion as of the date of this release). The purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items. Read more
  • September 10, 2013

    Update 1: Four consortia submit EOIs for East-West highway PPP project in Melbourne

    Victoria Government has received expressions of interest from four groups to build the first stage of the East West Link. Read more
  • September 16, 2013

    Investec to sell Australian wind farm

    South African bank, Investec Ltd., has announced that it is looking for buyers for a wind farm estimated to cost US$813 million, following a restructure of its Australian business. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.