AMP Capital picks up infrastructure mandates
AMP Capital has picked up two important superannuation fund mandates.
The fund manager announced this week that it had won mandates from Local Government Super (LGS) and Maritime Super to invest in its Community Infrastructure Fund (CommIF).
It said the money invested by the two super funds would be used to acquire additional assets for CommIF, which last year completed three deals worth $525 million in enterprise value, which incorporates the value of the equity and debt.
AMP Capital said the deals included the Partnerships in Victoria Schools Project, water asset AquaTower and the South East Queensland Schools Public Private Partnership.
Commenting on the mandates, AMP Capital Social Infrastructure Investment director, Julie-Anne Mizzi said the company was delighted to be investing in social infrastructure on behalf of both super funds.
She said the mandates followed on from a strong 2013 for the AMP Capital Community Infrastructure Fund, which in addition to acquiring three assets was also awarded $100 million in mandates from institutional clients.
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