AMP Capital and CDPQ finance US tower rollout
AMP Capital will partner with one of North America’s largest investors, La Caisse de dépôt et placement du Québec (CDPQ), to provide up to US$1 billion for Tillman Infrastructure’s telecommunication tower rollout across the United States.
Marc Cormier, executive vice-president at CDPQ, said the firm looked forward to contributing to Tillman in partnership with AMP Capital given it has such a competitive product.
AMP Capital’s debt partner, Patrick Trears, said the investment, which was the second in telecommunications infrastructure in the region since the close of the Infrastructure Debt Fund III last year, would be another asset to the portfolio for its global investors.
“We see strong value in the North American telecommunications infrastructure market and expect it will be a driver of future growth for our platform,” he said.
“The proliferation of data globally will see an increasing demand for telecommunication infrastructure and Tillman is well-positioned to capitalise on the growth opportunity.”
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
