AMP : Capital’s global infrastructure platform attracts US$540m as new fund reaches first close

Not for release or distribution in the US

AMP Capital has raised more than US$540 million in new commitments for its global infrastructure platform during the last six months.

As part of the current fundraising program, the AMP Capital Global Infrastructure Fund has reached its first close, attracting commitments from investors from countries such as Japan, Australia, the US, Canada, Ireland and Belgium. Investors have also made significant commitments to the European portion of the global infrastructure platform.

AMP Capital Global Infrastructure Fund Managing Partner Boe Pahari said: ";We are thrilled our global infrastructure platform has attracted so much interest from around the world. Institutional investors have responded positively to our strategy, which is to focus on mature, brownfield assets that hold monopolies or long-term contracted revenues in sectors offering the best relative value.

";AMP Capital's global infrastructure platform seeks to offer investors the combination of stable cash yields and growth that they are looking for and its attractiveness is further proof of the continued strength of infrastructure as an asset class."

AMP Capital's global infrastructure platform is targeting a final size of approximately US$2 billion. The investor commitments, combined with the existing portfolio of diversified European infrastructure equity assets worth approximately US$750 million, mean the platform is more than half way towards meeting its target.

Mr Pahari said: ";Investors in the global infrastructure platform benefit from immediate access to an impressive portfolio of six high-quality, cash-yielding infrastructure assets. The funds committed to the platform to date and any future flows will be used to acquire additional assets in OECD countries in sectors such as transport, energy, communication and utilities.

";There are a number of great opportunities in the middle market right now and AMP Capital's experienced team of more than 60 infrastructure professionals around the world is exploring a number of these."

About AMP Capital
AMP Capital is a specialist investment manager with more than US$118 billion in funds under management as at 31 December 2014 and more than 250 investment professionals."AMP Capital is one of the most experienced global infrastructure managers with more than 25 years" experience and having made over 120 infrastructure equity and debt investments globally."AMP Capital was one of the first investors globally to invest in infrastructure when it participated in the financing of the Sydney Harbour Tunnel in 1988.

AMP Capital today manages unlisted and listed infrastructure investments in Asia, Europe, North America, Australia and New Zealand." AMP Capital is a subsidiary of AMP Limited."Established in 1849, AMP has more than 160 years of experience providing financial services, and is one of Australia's largest retail and corporate pension providers.