AMP Capital is looking to raise US$2 billion in commitments from global institutional investors for its new infrastructure debt fund.
The infrastructure debt fund, IDF III, will invest in sectors such as utilities, energy and transport in OECD countries, an AMP Capital-issued statement said.
AMP Capital global head of infrastructure debt Andrew Jones said: “For IDF III, we will continue to focus on finding compelling mezzanine opportunities in infrastructure businesses in developed countries.
“Investors have told us they are looking for investments with high yield and stable returns, both characteristics of infrastructure debt,” he said.
The new fund is the firm’s third infrastructure debt fund in five years, following IDF I and IDF II.
Mr Jones said the fund’s target size reflects the “strength” of the infrastructure debt asset class.
Challenger recorded a slight incline in total assets under management to $84 billion in the first quarter of financial year 2020, up 3 per c...
Aussie investors might be missing billion-dollar EMD opportunities on their doorstep, but are the risks greater than the rewards? ...
When defensive equity positions become more appealing, stocks that exhibit lower risk attributes, including low beta stocks and stocks in tr...
Get notifications in real-time for staying up to date with content that matters to you.
