AMP Capital has raised US$2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
The platform, which includes the AMP Capital Global Infrastructure Fund and the relaunched Strategic Trust of Europe (SITE), has attracted global interest particularly from investors in the UK, the US, Canada, Japan, Belgium, Denmark, Middle East, Ireland, Australia, Spain and Finland.
The platform has added four new assets to its portfolio during the last 12 months including:
The platform reached final close on 29 December 2016.
AMP Capital created the global infrastructure platform by converting SITE from an open-ended to a closed-ended European fund and launching the Global Infrastructure Fund. The existing assets in SITE, including Newcastle Airport, Angel Trains, Alpha Trains and Thames Water, provided a unique investment proposition and an attractive pool of seed assets for new investors into the platform.
AMP Capital Global Head of Infrastructure Equity Boe Pahari said:
"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.
“Our focus on assets in the middle market has seen us secure a compelling range of investments already and with our sector, geography and asset management expertise, along with an encouraging global deal pipeline for infrastructure, we are looking forward to securing more key assets and strong returns for our investors.”