POWERED BY MOMENTUM MEDIA
AMP Capital’s increases exposure to renewable energy
AMP Capital’s infrastructure debt team has expanded its mezzanine debt investment with Alterra Power Corp, a global renewable energy company.
Under the deal, an additional tranche of US$21.1 million ($26.3 million) was added to the existing facility the company held with AMP Capital.
Alterra, which is headquartered in Canada, manages eight power plants totalling 825 MW of hydro, wind, geothermal and solar generation capacity in Canada, the US and Iceland.
The proceeds would be used to help fund the firm’s equity contribution to the Flat Top Wind project, which is a 200 MW wind project in central Texas.
AMP Capital US infrastructure debt director, Spencer Ivey, said: “We are pleased to have strengthened our relationship with Alterra with this investment.
“Our investors will benefit from increased exposure to a core infrastructure asset that has high barriers to entry, long-term contracted revenue streams, geographic and technology diversity, and an experienced management team with a proven track record,” Ivey said.
AMP Capital’s infrastructure debt team, that included 13 investment professionals, has invested more than US$3 billion in 58 infrastructure debt assets since 2001.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
