Powered by momentummedia
nestegg logo
Powered by momentummedia
Powered by momentummedia
nestegg logo
nestegg logo

 

 

Invest

Infrastructure fund hits new milestone

  • February 25 2016
  • Share

Invest

Infrastructure fund hits new milestone

By Staff reporter
February 25 2016

AMP Capital’s global infrastructure platform has raised more than US$1 billion in new commitments as it nears its final close of US$2 billion.

infrastructure fund hits new milestone

Infrastructure fund hits new milestone

author image
  • February 25 2016
  • Share

AMP Capital’s global infrastructure platform has raised more than US$1 billion in new commitments as it nears its final close of US$2 billion.

infrastructure fund hits new milestone

The Global Infrastructure Fund raised approximately US$400 million cumulatively for its second and third closes, according to a release from AMP Capital yesterday.

The investor commitments combined with the global infrastructure platform’s existing portfolio of diversified European infrastructure equity assets mean the platform is more than three quarters towards meeting its target, AMP Capital stated.

“Investors have come to understand the many benefits that infrastructure provides to a portfolio such as low volatility, high yield, GDP and inflation linkage, and low correlation with equities, and we continue to be encouraged by the increasing demand for AMP Capital’s global infrastructure platform,” said AMP Capital’s global infrastructure managing partner Boe Pahari.

The global infrastructure platform was launched in October 2014 when AMP Capital converted its Strategic Infrastructure Trust of Europe from an open-ended to a closed-ended European fund, and launched the Global Infrastructure Fund.

Advertisement
Advertisement

The platform’s investment mandate is to focus on mature, brownfield assets that hold monopolies or long-term contracted revenues in sectors offering the best relative value such as transport, energy, communication and utilities, AMP Capital said.

Infrastructure fund hits new milestone
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

more on this topic

Listen
Watch
Read
Financial terms made easy

more on this topic

From the web

Recommended by Spike Native Network

More articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.