AMP Capital has expanded its infrastructure range with the launch of an Infrastructure Debt Asia Pacific strategy to capitalise on the demand for infrastructure in developing economies.
The strategy will target infrastructure mezzanine debt opportunities in developed and emerging Asia Pacific countries, managed by a newly-created team in Singapore and Sydney.
Using their experience on the infrastructure debt fund, the team, headed up by Patrick La Greca, would source opportunities in the energy, transport, utilities and digital infrastructure sectors in Asia Pacific.
AMP Capital already had a large infrastructure presence in North America and Europe but said there was currently an opportunity created by the funding gap in Asia Pacific which prompted the firm to make it a “key strategic priority”.
AMP Capital global head of infrastructure debt, Patrick Trears, said: “The new capability to be headed up by an experienced partner in our business, Simon La Greca, reflects both the growing interest in the asset class by investors across the world who continue to seek out stable, yield-focused opportunities in increasingly volatile market conditions, and the tremendous growth in infrastructure investment across Asia”.
La Greca added: “Infrastructure Debt Asia will build on AMP Capital’s historic focus and provide mezzanine debt, typically used to bridge the gap between senior debt and equity funding, to both infrastructure construction projects and established businesses.
“The strategy will capitalise on our strong global relationships with infrastructure equity sponsors who are also increasingly active in the region. We recognise there is currently a funding gap for infrastructure projects in Asia, and that’s why we are making the region a key strategic priority.”
