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 strong global interest particularly from investors in the UK, the US, Canada, Japan, Belgium, Denmark, Middle East, Ireland, Australia, Spain and Finland.
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.”
The platform has added four new assets to its portfolio during the last 12 months including:
- Esvagt, an emergency rescue and response service in the European and UK offshore oil and gas and offshore wind industries.
- Adven Group Oy, a provider of sustainable and business critical energy infrastructure and services in Finland, Sweden and Estonia.
- Millennium Garages, the largest underground downtown parking system in the US.
- Axion, a leading provider of broadcasting and telecommunications infrastructure in Spain.
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’s Infrastructure Equity business is run by an experienced team of more than 60 infrastructure professionals located in Sydney, London, New York and New Delhi.
While every care has been taken in the preparation of this article, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMP Capital) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of AMP Capital.