AMP Capital completes first IIF investment
AMP Capital has completed a first investment for the Irish Infrastructure Fund.
It announced this week that the fund had acquired a controlling stake in a portfolio of wind farms in the Republic of Ireland and Northern Ireland.
It represented the first investment completed by the Irish Infrastructure Fund, being managed by AMP Capital, which is seeking up to €1 billion from global and Irish institutional investors.
It has already secured €300 million from the National Pensions Reserve Fund and other Irish institutional investors.
Commenting on the first investment, AMP Capital managing director for Europe and head of infrastructure Europe Boe Pahari said Ireland benefited from one of the most attractive wind resources in Europe.
AMP Capital's role is to acquire and manage the fund's portfolio of assets, with the company suggesting it will continue to focus on infrastructure assets which underpin the Irish economy, with the objective of preserving and enhancing long-term value for institutional investors in the fund.
Recommended for you
The financial advice industry has enjoyed another week of strong new entrant numbers, totalling nearly 40 for the past fortnight, thanks to the latest exam passes.
Momentum Media’s wealth publishing network – comprising InvestorDaily, ifa, SMSF Adviser, Money Management, and Super Review – is proud to launch the annual Australian Wealth Management Awards.
Investment information firm Equity Story has signed a binding heads of agreement to acquire South Australian financial advisory and stockbroker Baker Young for $4.2 million.
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
