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.
Too see how AMP Capital's core infrastructure fund has performed against its peers and index, click here
Recommended for you
Commentators may be forecasting consolidation in private market firms but a survey of the industry itself expects new manager formation will still outpace this, especially in Asia Pacific.
Fund manager Pacific Current has appointed a former superannuation chief executive as its newest chair, succeeding Tony Robinson who departs after almost a decade to focus on his role at COG Financial.
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
Ahead of the approaching end of the financial year, State Street has shared five tips for advisers who are using ETFs in their client portfolios.