Australian investment manager AMP Capital has secured over US$300 million from 17 international institutional investors in Europe and Asia for its AMP Capital Infrastructure Debt Fund II (IDF II).
The company said it attracted investors from Japan, UK, Korea, Switzerland and Australia to complete the first close of the fund.
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The fund will invest in subordinated debt attached to gas, electricity, water and transportation-related infrastructure in Europe, North America and Australia.
IDF II follows AMP Capital’s first infrastructure debt fund, which attracted US$503 million from 30 global institutional investors.
AMP Capital global head of infrastructure debt Andrew Jones said investors globally are seeking stable high cash yield, defensive and predictable investments.
"We’ve also completed the Fund’s first investment, securing a £50 million subordinated loan to Heathrow Airport. The team is pursuing a strong pipeline of attractive investment opportunities and expect to announce further investments shortly," Jones said.
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By GlobalDataThe portfolio is anticipated to feature investments in the subordinated debt of 10 to 15 firms headquartered in OECD countries.
AMP Capital chief executive international and head of global clients, Anthony Fasso, said that this was the first direct infrastructure fund that the company’s business partner Mitsubishi UFJ Trust and Banking Corporation had marketed to their clients.
AMP Capital’s global infrastructure debt team invested over US$1.8 billion as of 30 June 2013 in 38 infrastructure debt assets since 2001.
