The AMP Capital Community Infrastructure Fund provides wholesale investors with the opportunity for stable, long term returns through the investment in an unlisted portfolio of high quality PPP style social infrastructure assets in Australia and New Zealand. The Fund focuses on social infrastructure PPP assets within education, health, justice, defence, community housing, recreational facilities, transport and other social infrastructure sectors where income from the assets is primarily derived from long term, CPI linked concession arrangements with government.
AMP Capital Community Infrastructure Fund is currently seeking to raise new equity to enable it to invest in further exciting opportunities given the consolidation of the social infrastructure market and the availability of assets in their operating phase. The Fund seeks out assets with similar characteristics to its current portfolio i.e. operational social infrastructure projects with stable, availability-based cash flows generated from long term concession terms where the Fund investment team can take a strategic role in managing each asset during the period of ownership.
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Long Term Stable High Income Returns
Availability based revenues and high credit quality counterparties provide stable, long term income returns.
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Defensive Characteristics
Exposure to the defensive characteristics of assets possessing revenue streams that are not highly correlated to economic conditions and asset usage.
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Specialised PPP Manager
A consistent pipeline of investment opportunities as project sponsors and construction contractors seek to recycle capital for new projects. Few funds/investors currently competing for secondary market assets.
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Strong pipeline and limited competition
Investment management team resourced with highly experienced and specialised PPP/ large infrastructure practitioners with proven track record and capability to manage highly complex community infrastructure project arrangements and stakeholders.
What are the risks associated with the fund?
Risks specific to the fund include or are associated with liquidity, borrowing and debt refinancing, deal flow, termination and handback of concessions, infrastructure assets, limited diversification, level of investment, reliance on projections, international investments and tax. Please refer to the fund’s Information Memorandum for more information.
The first PPP to be delivered in the Northern Territory forming part of a 25 hectare mixed use waterfront development adjacent to the Darwin CBD. It attracts local, interstate and international visitors for events and conferences. It has attracted over 350,.000 delegates since operations commenced in April 2008.
The plant is located on the coast near Wonthaggi, 132km South-east of Melbourne, the Bass Coast region of Gippsland, Victoria. The Project is considered to be a vital piece of water infrastructure servicing Melbourne and its surround communities. It is one of the largest seawater reverse osmosis plants operating globally.
In 1996 the Riverland Water consortium was awarded the concession to finance, design, build and operate 10 water treatment plants in South Australia. Riverland provides filtration treatment to raw water supplied by SA Water or obtained directly from the Murray River. The treated water is distributed to more than 150,000 people.
AquaTower Pty Ltd owns and operates four water treatment plants in four
regional towns in Victoria under a Build Own Operate Transfer (BOOT)
agreement with Grampians Wimmera Mallee Water (GWM Water). It delivers water to four regions being Ararat, Great Western, Halls Gap, and Stawell.
A concession to operate a portfolio of over 4,400 hospital car park spaces of the Auckland District Health Board at its two sites (Greenlane Clinical Centre and Auckland City Hospital) in Auckland, New Zealand.
How ESG is applied to infrastructure?
Providing institutional investors with access to operational social infrastructure assets.
AMP Capital has a diverse portfolio of investments in infrastructure assets, which includes electricity and gas transmission and distribution networks, water utilities, renewable energy generation, airports, toll-roads, and social infrastructure (such as educational facilities and aged care).