Interest spikes in US infrastructure debt
Amid the growing interest in infrastructure debt investment, AMP Capital has bolstered its New York team by hiring Adam Heath as vice president of infrastructure debt.
Heath would be responsible for originating and executing infrastructure debt investments in North America, which AMP Capital said was a growing asset class in the US.
Australian investors were also increasing their interest in those markets as well, as they were able to generate consistent, attractive cash yields with capital stability, according to AMP Capital.
Heath reported to AMP Capital's infrastructure debt principal Patrick Trears.
Trears said: "We find that the risk and return profile of our infrastructure debt strategies is particularly attractive to institutional investors who are looking for yield without having to take on high levels of risk".
Heath was previously an associate director of finance at Caithness Energy, a private investment company that focused on acquiring assets in the North American power sector. He also held positions at RBC Capital Markets and WestLB, where he was responsible for structured finance, and mergers and acquisitions in the infrastructure and energy sectors.
He joined AMP Capital on 6 September.
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