Aug 26, 2013
ASIA
AMP Capital Raises $300 Million For Infrastructure Debt Fund
By GILLIAN TAN
Australian investment manager AMP Capital has raised an initial US$300 million for its AMP Capital Infrastructure Debt Fund II from investors in Europe and Asia.
http://blogs.wsj.com/moneybeat/2013/08/26/amp-capital-raises-300-million-for-infrastructure-debt-fund/
The fund will invest in subordinated debt attached to gas, electricity, water and transportation-related infrastructure in North America, Australia and Europe. Its first deal was a 50 million pound (US$78 million) subordinated loan to Heathrow Airport, which is the U.K.’s main hub.
AMP Capital’s first fund closed in June 2012 with US$503 million in commitments.
In a statement, AMP Capital said the steady returns from infrastructure were appealing to investors. “Investors globally are seeking stable high cash yield, defensive and predictable investments and that’s why we’ve been so successful in attracting clients,” said Andrew Jones, AMP Capital’s Head of Infrastructure Debt.
Mr. Jones said further deals were expected shortly, and the portfolio is expected to consist of between 10 and 15 separate loans.
His team has invested more than US$1.8 billion across 38 infrastructure debt deals since 2001.
http://blogs.wsj.com/moneybeat/2013/08/26/amp-capital-raises-300-million-for-infrastructure-debt-fund/
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