POWERED BY MOMENTUM MEDIA
AMP Capital's Irish Infrastructure Fund completes first investment
The Irish Infrastructure Fund, managed by AMP Capital, has acquired a controlling stake in a portfolio of wind farms in the Republic of Ireland and Northern Ireland.
The fund will hold a stake of at least 75 per cent across the portfolio of 10 wind farms, which was previously wholly owned by the Viridian Group.
Viridian's Energia business will retain minority interest in the portfolio and will continue to manage and operate the wind farms, AMP Capital stated.
AMP's fund will seek up to €1 billion from global and Irish institutional investors, and has already secured €300 million from the National Pensions Reserve Fund and other Irish institutional investors.
"We look forward to leveraging this investment through the continued growth and development of our significant portfolio of renewable assets across Ireland," Energia renewable managing director Peter Baillie said.
Managing director for Europe and head of infrastructure Europe at AMP Capital Boe Pahari said the transaction is potentially the first in a number of additional investments in the renewable energy space in Ireland.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
