International Infrastructure Equity Update

Investment philosophy

Worldwide investment in infrastructure is expected to be $79 trillion between now and 2040. However, the actual global investment need is closer to $97 trillion⁵
To close this $18 trillion gap, average annual global infrastructure investment would need to increase by approximately 23% per year
Portfolio allocations to infrastructure have grown significantly in recent years and this trend is expected to continue, as is the trend for more private capital to replace aging infrastructure or fund new projects
AMP Capital has been investing in infrastructure for over 30 years and is one of the very few truly global mid-market players

⁵World Economic Forum Global Risks Report 2019 14th Edition

Investment strategy

Compelling global mid-market infrastructure fund proposition. 

Our strategy is to source mid-market investments, applying private equity discipline to maximise value and drive returns in infrastructure assets. Our investment team has sector expertise in our key target sectors, which include transport, communications, energy and social care. We create value for investors through our active approach to asset management.

• Scale – a truly global mid-market manager.
• Talent – experience across our key target sectors.
• Heritage and strength investing in real assets.
• Infrastructure thematics – We target assets that demonstrate infrastructure like characteristics.
• Platforms for growth – We look for scalable expansion and bolt-on acquisitions across our assets where we see opportunities to drive further value.
• Creating value through active asset management.
• Combining a private equity approach with AMP Capital’s strong infrastructure heritage to drive value.

Track record

AMP Capital is an experienced infrastructure investor with over 140 investments across debt and equity.

⁶ As at 30 June 2021
⁷ Derived from the 2020 Infrastructure Investor 50. Ranking based on the amount of infrastructure direct investment capital raised by firms between 1 Jan 2015 and 31 Aug 2020

ESG

Environmental, social and governance (ESG) is central to AMP Capital’s investment philosophy and active asset management approach, as is our commitment to running well managed businesses. Our ESG and responsible investing capabilities are a major part of who we are and what we stand for. We recognise that all investments we make have a purpose and a wider impact – and it’s up to us to help make it a positive one for our clients and the communities in which we invest.
When investing in and managing infrastructure assets, we view ESG issues the same way we do other investment risks, focussing on identification and mitigation as part of our due diligence, including the appointment of external ESG specialist advisers where appropriate. The fact we aim for controlling stakes in our assets, alongside our approach to active asset management, ensures we are in a strong position to enact change across our assets.

AMP Capital became an early signatory to the United Nations Principles for Responsible Investment (UNPRI) in 2007 while in 2019, GRESB (Global Real Estate Sustainability Benchmark) ranked two of AMP Capital’s infrastructure funds in the top five⁸  of the GRESB Infrastructure rankings for the best infrastructure funds globally for ESG performance. Of 11 assets in the Global Infrastructure Fund, 6 ranked 1st when compared to peers, demonstrating that our commitment to ESG not only at fund level but also across our asset portfolios.

⁸Peer groups determined by GRESB based on sector and geography. ADIT ranked 2nd out of 73 Diversified, Private Entity Funds. GIF ranked 2nd out of 28 Diversified, Global Private Funds

Investment team

A global platform with an experienced team across Europe, North America, Asia and Australia. Comprised of a stable, senior team with an average tenure of 8 years at AMP Capital with a broad range of investment and sector expertise.

Note: Employee of AMP Capital Investors (US) Ltd, a US registered investment advisor that offers non-discretionary advisory services to its affiliates, AMP Capital Investors Ltd and AMP Capital Investors (UK) Ltd through service agreements. Registration as a US Investment Advisor does not imply a certain level of training.