In a statement issued by AMP Capital, the financial services provider said investments made into its Global Infrastructure Fund contributed significantly to the result.
“The AMP Capital Global Infrastructure Fund has reached its first close, attracting commitments from investors from countries such as Japan, Australia, the US, Canada, Ireland and Belgium,” the statement said.
“Investors have also made significant commitments to the European portion of the global infrastructure platform.”
AMP Capital said it aims to raise a total of US$2 (US$2.59) billion for the infrastructure platform.
“The investor commitments, combined with the existing portfolio of diversified European infrastructure equity assets worth approximately US$750 ($972) million, mean the platform is more than halfway towards meeting its target,” the statement said.
AMP Capital infrastructure fund managing partner Boe Pahari said the funds committed to the platform will be used to acquire additional assets in OECD countries in sectors such as transport, energy, communications and utilities.
“There are a number of great opportunities in the middle market right now and AMP Capital’s experienced team of more than 60 infrastructure professionals around the world is exploring a number of these,” Mr Pahari said.
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