AMP Capital secures US investor and completes fourth close of its Infrastructure Debt Fund
AMP Capital Infrastructure Debt Fund has been awarded a Euro 37 million investment from its first US pension fund and has completed its fourth close.
The fund has raised Euro 326 million from 21 institutional investors across Japan, USA, UK, Australia and Hong Kong, AMP Capital stated.
Commenting on the substantial allocation, AMP Capital global head of infrastructure debt Andrew Jones said fundraising efforts had exceeded expectations since the first close on 15 December 2011.
"Despite challenging markets, we continue to see success in our fundraising efforts and are pursuing a pipeline of attractive investment opportunities as a key provider of subordinated debt to the global infrastructure sector," he said.
The most recent investment follows the announcement of the fund's first UK pension fund investor - East Riding of Yorkshire Council - in December last year.
AMP Capital completed its fourth investment of the fund after arranging a 50 million pound subordinated debt facility for BAA Airports - a UK airport operator.
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Andrew Tsanadis
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