AMP Capital invests in India's infrastructure



AMP Capital has announced it will make its first infrastructure debt investment in India by investing US$73 million in listed road infrastructure company Sadbhav Infrastructure.
The funding, which would be carried out on a private placement basis, would aim to assist the firm to fund the completion of an existing portfolio of road assets across India and mark the first investment in India for AMP Capital’s recently established Infrastructure Debt Asia strategy.
The strategy would be expected to benefit from a combined significant infrastructure pipeline with supportive regulatory and government initiatives, aimed to encourage more involvement of private investors, AMP Capital said in the announcement.
“India offers attractive opportunities for our Infrastructure Debt Asia strategy, combining a significant infrastructure pipeline with increasingly supportive regulatory and government initiatives to encourage greater involvement of private investors,” Simon La Greca, head of infrastructure debt Asia at AMP Capital said.
“We look forward to investing further with high quality and experienced sponsors across the infrastructure sector in India.”
Sadbhav Infrastructure was a road company specialising in the development, operation and maintenance of highways, roads and related projects, with its current road portfolio comprising the development of nine Hybrid Annuity Model road projects located across India, and currently operating four toll road projects located in Maharashtra, Harayana and Gujarat.
AMP Capital, which said it would continue to consider infrastructure investment opportunities in India, formed a partnership in December 2020 with Sterlite Power for the development of energy transmission projects.
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.