AMP Capital head of infrastructure for Europe and the Americas, and managing partner of the Global Infrastructure Fund, Boe Pahari said the fund will give investors a “new and unique” opportunity to tap into an asset class that is going from “strength to strength”.
“There is strong demand for an investment vehicle that can take advantage of the significant investment opportunities driven by the global need for infrastructure,” Mr Pahari said.
“The platform we have created, which offers new investors immediate access to highly attractive and diversified seed assets, represents an opportunity that we believe is unmatched in the market.”
Mr Pahari also said the Global Infrastructure Fund “represents the evolution” of AMP Capital’s infrastructure strategy.
“The fund will appeal to the growing number of institutional investors who are boosting their allocations to infrastructure, attracted by its predictable risk-adjusted returns, consistent yields, reduced volatility relative to equities, portfolio diversification and capital stability,” he said.
AMP Capital also said the fund has “attracted a significant” commitment from global private equity and infrastructure investor Pantheon into its global infrastructure platform.
“AMP Capital has created the platform by converting its successful Strategic Infrastructure Trust of Europe (SITE) from an open-ended to a closed-ended European fund and launching the Global Infrastructure Fund,” a statement from AMP Capital said.
“SITE’s existing portfolio comprises US$750 million worth of assets, which will be shared with the Global Infrastructure Fund,” it said.
