AMP Capital introduces new infrastructure debt fund

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AMP Capital Investors has introduced a new wholesale infrastructure debt fund that has raised an initial 240 million euros and secured 12 institutional investors in Japan, Hong Kong and Australia.

The first investment for the AMP Capital Infrastructure Debt Fund was securing a 40 million pound high yielding loan to a leading UK based rolling stock company, specialising in leasing passenger and freight trains.

AMP Capital global head of infrastructure debt Andrew Jones said AMP would take advantage of its role as a key provider of subordinated debt to the infrastructure sector.

“We expect to take a lead arranging role in the majority of transactions, with our focus on adding value through originating, structuring and leading pricing and terms discussions,” he said.

The portfolio will consist of investments in the subordinated debt of 10 to 15 companies headquartered in Organisation for Economic Co-Operation and Development countries in the services of water, gas, electricity, transport and hospitals.

It will target defensive assets with high barriers to entry, a regulated environment, highly visible cash flows and strong industry positions.

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