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.
A wealth business in the process of demerging from the Commonwealth Bank of Australia has posted a net profit after tax of $2.6 million in...
Investment house Ausbil has established its new Active Dividend Income Fund, with an aim to generate higher dividend income that is paid to ...
The specialist platform provider has posted an underlying net profit after tax of $17 million for the half year to 31 December 2018. ...
