AMP Capital has appointed an investment director to its New York-based infrastructure equity team.
Brent Tasugi will make the move to AMP Capital from Oaktree Capital Management's infrastructure investing group, where he oversaw projects related to North American transport, logistics and public-private partnerships (PPPs).
At AMP Capital, Mt Tasugi will focus on the same areas (as well as communications) and will report to AMP Capital head of Americas, infrastructure equity Dylan Foo.
In a statement, AMP Capital said the appointment reflects the investment manager's shift in focus towards North American origination – particularly mid-market and value-add opportunities.
Mr Foo said, "The US is a very attractive market for AMP Capital and we think the potential for investment is significant. The recent budget announcement by the Trump administration to substantially invest in infrastructure over the next decade is encouraging for us as investors as we look to deploy more capital across the region.
"With the exception of energy, the supply of infrastructure deal flow has been constrained during the last decade and we are excited by the prospects of the new proposals.
"Our long history investing in infrastructure has shown there is a real benefit to private sector involvement in public infrastructure."
Read more:
Two Allan Gray portfolio managers depart
DomaCom heads to court for SMSF ruling
AFA appoints policy and professionalism manager
‘Retrograde’ US condemned on climate change
Bennelong sets up first UK boutique
Wealth management relationships are under threat as clients look to switch providers driven by the impact of the royal commission. ...
S&P Dow Jones has announced a new addition to its global ESG index using enhanced ESG scores and granular data. ...
Investor confidence is on the rebound and the ASX hit a 12-year high on Monday. But it’s not all good news for the Australian economy. ...
Get notifications in real-time for staying up to date with content that matters to you.
