Infrastructure debt fund
Overview
Our infrastructure debt fund is a closed ended fund which invests in the subordinated debt of essential infrastructure assets. This fund will focus on defensive businesses in developed countries, particularly those headquartered in Europe, North America and Australia. It will target sectors that serve as the backbone for the provision of essential products and services such as gas, water, electricity, transport and social infrastructure including schools, hospitals and aged care.
The fund expects to take a lead arranging or cornerstone role in the majority of its transactions where the investment team will focus on adding value through originating, structuring and leading pricing and terms discussions. Where appropriate, it will also participate in other subordinated debt transactions that meet its criteria and offer attractive investment opportunities.
AMP Capital has been successfully investing in the subordinated debt of infrastructure businesses for more than 10 years.
Key benefits
The key benefits of our infrastructure debt fund include:
- focus on accessing attractive infrastructure debt investment opportunities
- the potential for medium to high returns (both income and yield) over the long term
- access to an experienced investment team with regional specialists based in London and Sydney
- capitalise on a significant market opportunity through an experienced infrastructure debt provider with extensive deal sourcing capabilities and preferred access to deal flow
- AMP Capital’s successful track record in infrastructure debt investing and the broader infrastructure asset class
Infrastructure debt investment team
- Andrew Jones, Managing Director, Infrastructure Debt
- Gerry Jennings, Principal, Infrastructure Debt
- Richard Lane, Principal, Infrastructure Debt
- Simon La Greca, Principal, Infrastructure Debt
Andrew Jones
Andrew Jones is responsible for leading AMP Capital’s infrastructure debt activities globally. He has over 22 years of experience in the industry, and joined the investment team in January 2000. Mr. Jones has significant experience sourcing, arranging and managing infrastructure debt assets in all of the target markets of the Fund. For AMP Capital’s infrastructure equity investments, he is the Director of a student accommodation business, the Director of an aged care services business and has also been a member of AMP Capital’s Infrastructure Investment Committee since 2004.
Mr. Jones holds a Bachelor of Arts (Economics) from Flinders University (Australia).
Gerry Jennings
Gerry Jennings joined the investment team in October 2005. He is responsible for sourcing and managing a portfolio of sub-investment grade assets in the European market including regulated infrastructure utilities (water, gas and airports), ports and infrastructure service assets. He also manages relationships with European sponsors and international banks for AMP Capital. Mr. Jennings brings over 20 years of private equity and leveraged market experience to the role.
Mr. Jennings holds a Masters of Business Administration and a Diploma of Management from Henley Management College (UK), as well as a Certified Diploma in Accounting & Finance from the Association of Certified Chartered Accountants (ACCA) (UK).
Richard Lane
Richard Lane commenced as Principal with the Infrastructure Debt Team, in the London Office in June 2010. Richard's most recent role has been Senior Commercial Manager with Kier Project Investment Ltd, London, the equity arm of a large UK construction company. Richard was responsible for leading the commercial team on the bid for Kent BSF Wave 4, a £225m capital project to procure 12 new secondary schools for Kent County Council. Prior to that he was a Director, Structured Finance with Dexia Public Finance Bank, London - a leading global Project Finance Bank in the UK infrastructure market. Richard brings significant additional arranging experience to the Team and was the Director responsible as Mandated Lead Arranger for a number of market leading infrastructure acquisitions including: Peel Ports (£1.2bn), Associated British Ports (£2.37bn), Angel Trains Group (£2.2bn), Porterbrook Leasing Company (£1.53bn). Richard led negotiations with key sponsors including RREEF, Babcock & Brown, Deutsche Bank, Goldman Sachs, Antin Infrastructure, Macquarie, Balfour Beatty, BAM, Bouygues, Skanska and Kier; Public authorities (DfT, MoD, Local Authorities/Councils and PfS); and Professional advisors throughout the acquisitions. Richard has also held a senior Structured Finance role with The Royal Bank of Scotland and a Senior Credit Analyst role with National Westminster Bank PLC, London.
Simon La Greca
Simon La Greca joined the investment team in May 2003. He is responsible for sourcing, arranging and managing infrastructure debt investments in the Asia Pacific region and the U.S. This involves managing relationships with equity sponsors, undertaking financial structuring and debt sizing, coordinating detailed due diligence, including financial modeling, industry and market analysis, and obtaining investment approval. Mr. La Greca has over 10 years of relevant market experience, including seven years at AMP Capital.
Mr. La Greca holds a Bachelor of Business (Banking & Finance) from Monash University (Australia).
