AMP Capital’s Community Infrastructure Fund (CommIF) has won two new mandates from Local Government Super (LGS) and Maritime Super.
The funds will be used to acquire additional assets for CommIF. Last year, it completed three deals worth $525 million in enterprise value, which incorporates the value of the equity and debt.
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"We are delighted to be investing in social infrastructure on behalf of both the organisations, said Julie-Anne Mizzi, AMP Capital Social Infrastructure investment director.
"These mandate wins follow a strong 2013 for the AMP Capital Community Infrastructure Fund, which in addition to acquiring three assets was also awarded $100 million in mandates from institutional clients," Mizzi added.
LGS chief investment officer Craig Turnbull said: "LGS has a strong focus on Environmental, Social and Governance themes. Investing in CommIF therefore aligns with our overarching objective to pursue investments that are in the best interest of our members."
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