AMP Capital secures US investor and completes fourth close of its Infrastructure Debt Fund
AMP Capital Infrastructure Debt Fund has been awarded a Euro 37 million investment from its first US pension fund and has completed its fourth close.
The fund has raised Euro 326 million from 21 institutional investors across Japan, USA, UK, Australia and Hong Kong, AMP Capital stated.
Commenting on the substantial allocation, AMP Capital global head of infrastructure debt Andrew Jones said fundraising efforts had exceeded expectations since the first close on 15 December 2011.
"Despite challenging markets, we continue to see success in our fundraising efforts and are pursuing a pipeline of attractive investment opportunities as a key provider of subordinated debt to the global infrastructure sector," he said.
The most recent investment follows the announcement of the fund's first UK pension fund investor - East Riding of Yorkshire Council - in December last year.
AMP Capital completed its fourth investment of the fund after arranging a 50 million pound subordinated debt facility for BAA Airports - a UK airport operator.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
