The new global infrastructure platform launched by AMP Capital raised US$2.4 billion by its final close on 29 December 2016.
The platform includes both the AMP Capital Global Infrastructure Fund and the Strategic Trust of Europe, which the company relaunched as a closed-end fund, and adding four new assets, including Spanish telecommunications infrastructure Axion and US parking system Millenium Garages, to its portfolio.
“Our focus on assets in the middle market has seen us secure a compelling range of investments already,” said AMP Capital global head of infrastructure equity Boe Pahari.
“With our sector, geography and asset management expertise, along with an encouraging global deal pipeline for infrastructure, we are looking forward to securing more key assets and strong returns for our investors.”
Mr Pahari said the company was “immensely proud” of the global infrastructure platform, noting it had exceeded the company’s US$2 billion target.
In November last year, AMP Capital underwent a reorganisation of its senior leadership, which included changes to the global listed infrastructure team.
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
Despite unemployment falling to pre-pandemic levels, the central bank still thinks it’s too early to count its chickens on the success of ...