POWERED BY MOMENTUM MEDIA
AMP Capital’s infrastructure platform raises US$400m
AMP Capital's global infrastructure platform raised nearly US$400 million ($557 million) cumulatively for its second and third close, surpassing US$1 billion in new commitments.
As it nears its final close of US$2 billion the investor commitments combined with the platform's existing portfolio of diversified European infrastructure equity assets mean the platform is more than three quarters towards meeting its target.
AMP Capital global infrastructure fund managing partner, Boe Pahari, said "investors have come to understand the many benefits that infrastructure provides to a portfolio such as low volatility, high yield, GDP and inflation linkage, and low correlation with equities".
The platform's investment mandate is to focus on mature, brownfield assets that hold monopolies or long-term contracted revenues in sectors offering the best relative value such as transport, energy, communication, and utilities.
Also commenting, AMP Capital chief executive international, Anthony Fasso, said the offering was resonating with both new clients and existing investors.
"New clients have come from Japan, the Middle East, Denmark, Finland, Spain, Switzerland, Canada, and the US," he said.
Recommended for you
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
