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AMP Capital closes infrastructure debt fund II
27 August 2013
Firm reports global demand for essential services and transport assets
Australian investment manager AMP Capital has closed its Infrastructure Debt Fund II, having raised more than $300m.
The fund has attracted institutional investors from the UK, Japan, Korea, Switzerland and Australia, The portfolio will target the subordinated debt from 10 to 15 companies in water, gas, electricity and transportation infrastructure across Europe, North America and Australia.
Andrew Jones, AMP Capital's global head of infrastructure debt said: “Investors globally are seeking stable high cash yield, defensive and predictable investments and that’s why we’ve been so successful in attracting clients to IDF II.
“We’ve also completed the fund’s first investment, securing a £50m subordinated loan to Heathrow Airport. The team is pursuing a strong pipeline of attractive investment opportunities and expect to announce further investments shortly.”
The closure of Infrastructure Debt Fund II, which attracted 17 investors, comes just 14 months after the closure of AMP Capital’s first Infrastructure Debt Fund in June 2012. The first fund raised more than $500m from 30 investors.
The fund was marked to clients by AMP's business partner Mitsubishi UFJ Trust and Banking Corporation.
AMP Capital's international chief executive and head of global clients, Anthony Fasso said: “We are very pleased to welcome new clients to AMP Capital, including one of the top insurance companies in South Korea.
“The broad interest we’ve seen from investors in the US, Asia, Australia and Europe – including attracting our first Swiss client – is testament to the compelling investment opportunity IDF II offers.”