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Infrastructure equity

Our expertise in unlisted infrastructure equity extends across sectors, lifecycles and regions.

Overview

AMP Capital offers institutional clients direct access to infrastructure assets through infrastructure equity funds and customised separate account solutions. Direct infrastructure investment can provide diversification benefits and attractive risk-adjusted returns as well as a low correlation with most other asset classes. Our international network of financial investors, strategic allies, infrastructure operators and developers, advisers, regulators as well as governments, provides us with constant access to deal flow, enhancing the opportunities we can offer our clients.

We seek meaningful stakes in infrastructure assets, which allow us to influence and add value during the initial investment phase and over the life of the investment.

Infrastructure investing requires highly specialised skills, as transactions are large and complex. As one of the first infrastructure investors, we have a long history of infrastructure investing across multiple jurisdictions and sectors, and throughout market cycles.

“Our size, reputation and relationships give clients access to some of the world’s best infrastructure opportunities.”
Boe Pahari, Global Head and Managing Partner, Global Infrastructure Equity

 

AMP Capital is a long-standing investor in infrastructure with over 25 years of leadership in infrastructure investment. We began investing in private equity infrastructure in the late 1980s, through finance participation in the Sydney Harbour Tunnel in Australia. We manage a diverse range of infrastructure assets across the globe, with on-the-ground specialist asset managers responsible for actively managing these investments.

*June 2012 to September 2015

 

Why consider AMP Capital for infrastructure equity?

Experienced investment team

We are one of the longest standing participants in global infrastructure investment, with over 25 years of dedicated experience and have made over 120 investments since 1988.

In addition, the investment team is supported by a strong group of structuring and operating specialists with legal, tax, debt advisory, fund accounting and investor relations expertise.

Global reach

AMP Capital has an on-the-ground presence in each key infrastructure market globally and is well-positioned to access investment opportunities from the full range of sources and intermediaries on a global basis.

Investors benefit from a broad range of sector, geographic and business experience which helps to drive deal flow and operational management. We continue to invest in new markets, with the development and launch of innovative products for our investors.

Strong track record

Our track record covers a range of sectors (including transport, utilities, social and communications), lifecycles (greenfield, growth and mature) and geographies through full market cycles.

Our experience and continuous growth means we can provide investors with access to global infrastructure investments through managed funds and customised separate account solutions. The infrastructure equity investment team has proven transactional experience, and has completed transactions representing over US$2 billion of equity since June 2012. We are ranked 6th most active infrastructure fund manager in the last three years*.

* Preqin Global Infrastructure Report, 2014

Philosophy and process

We take an active approach to unlisted infrastructure investment: from due diligence and origination through to asset management, which generally includes board representation and portfolio construction.

Bottom-up risk focus

We focus on understanding the key risk factors that influence an asset’s performance and utilise a number of proprietary risk modelling tools to ensure portfolios are optimally constructed and managed against their objectives and constraints.

Long-term active approach

We create value through a hands-on approach to directing and managing the infrastructure assets in which we invest so we can influence the strategic and operational direction of our investments over long investment horizons.

Scale

AMP Capital’s scale, reputation and long standing participation in the infrastructure asset class means we are well placed to source proprietary investment opportunities for our clients by utilising our international network of existing relationships, experienced global team and preferred rights on existing assets.

Assets

Melbourne and Launceston Airports (Australia)

AMP Capital initially invested in APAC at privatisation in 1997. APAC has a 99 year lease over Melbourne Airport (100% ownership) and Launceston Airport which followed in 1998 (90% ownership).

Newcastle Airport (United Kingdom)

Largest airport in the North East of England, with dominant market position with a strong catchment area.

Cyclone Wind Farms (Ireland)

Portfolio of operational wind farms with an enterprise value of c. €200m invested in June 2012

Majority interest in two wind farm portfolios in Ireland:

  • 75% of an 8 wind farm portfolio in the Republic of Ireland (53.4MW)
  • 80% of a 2 wind farm portfolio in Northern Ireland (50.6MW)

Thames Water (United Kingdom)

Largest water and waste water services company in the UK (as at December 2015) serving the London region. Monopoly business with stable transparent regulatory environment.

Alpha Trains (Germany)

Continental Europe’s largest (as at December 2015) specialist train leasing company providing rolling stock to both public and private operators.

Meet the manager

Our people and experience set us apart. We combine our in-depth investment expertise, specialist capabilities and extensive global network to deliver outstanding investment outcome for our clients.

Boe is the Global Head and Managing Partner, Infrastructure Equity and is responsible for our infrastructure equity businesses.

Boe Pahari
AMP Capital

Important note: The information contained in this document has been prepared by AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) (AMP Capital) for providing general information only. It is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest in any particular investment fund or investment capability. Readers should not treat the Information as advice on legal, tax or investment matters and should make their own inquiries and consult professional advisers as to applicable laws, regulations and requirements in any particular jurisdiction (including, where the Information is received) and the consequences arising from any failure to comply. While every care has been taken in the preparation of this document, neither AMP Capital, nor any member of the AMP Limited Group makes any representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Certain information in this document identified by footnotes has been obtained from sources that we consider to be reliable and is based on present circumstances, market conditions and beliefs. Other than information sourced from AMP Capital, we have not independently verified this information and cannot assure you that it is accurate or complete. Past performance is not a reliable indicator of future performance. This document 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 investments decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. The Information may not be reproduced or redistributed (in whole or in part) or otherwise made available to any other person in any format without the express written consent of AMP Capital.