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.
The Australian Stock Exchange has grown its earnings per share for the sixth year in a row, resulting in a $445 million profit for the 2017...
The government has passed legislation that will create the previously-announced position of co-deputy chair. ...
The financial services industry has fallen even lower in the eyes of Australians with the release of the Governance Institute’s latest E...
