The fund will invest in the subordinated debt of infrastructure assets in the essential services such as water, gas, electricity and transportation in Europe, North America and Australia. The portfolio will consist of investments in the subordinated debt of 10-15 companies headquartered in OECD countries. AMP Capital global head of infrastructure debt Andrew Jones said they’d had plenty of interest in IDFII.
“Investors globally are seeking stable high cash yield, defensive and predictable investments and that’s why we’ve been so successful in attracting clients to IDF II,” Mr Jones said.
Anthony Fasso, AMP capital chief executive and head of global clients said the company was very pleased to welcome new clients to AMP Capital, including a top insurance company from Korea.
“The broad interest we’ve seen from investors in the US, Asia, Australia and Europe – including attracting our first Swiss client – is testament to the compelling investment opportunity IDF II offers,” he said.
The fund’s first investment has already been secured with a £50 million subordinated loan to Heathrow Airport. The Amp Capital team are investigating a range of attractive investment opportunities and expect to announce further investments soon.
IDF II follows on from AMP Capital’s first infrastructure debt fund which closed to new investment in June 2012 after it raised US$503 million from 30 global institutional investors.
