AMP Capital has raised $1.1bn (€880m) for its second infrastructure debt fund.
The manager beat its initial $1bn target for the IDF II fund.
AMP said more than 50 investors from eight countries backed the fund.
AMP Capital Global head of infrastructure debt Andrew Jones said a significant number of new investors had committed to the strategy for the first time.
“The outlook for infrastructure debt continues to be strong,” Jones said.
“There is an increased understanding of, and interest in, the asset class.”
Investors from the US, the UK, Germany, Switzerland, Korea, Japan, Hong Kong/China and Bahrain invested in IDF II.
AMP said it also secured additional co-investment pledges of $250m.
The company has called more than $400m in capital and secured five investments for the fund, including subordinated loans to Canadian renewable energy company Alterra Power Corporation and US power generation facility Astoria Project Partners.
Jones said a strong pipeline of energy-related opportunities in the North American market had been complemented by increasing merger and acquisition activity in Europe, with the sale of a number of regulated utilities underway.
“We are also seeing some interesting resource-related opportunities in the Australian market,” Jones added.
“Our focus now is on deploying the remainder of the capital for IDF II and continuing to manage the assets of our first and second debt funds.”
AMP Capital’s first infrastructure debt fund was closed to new investment in 2012 after raising $500m globally.
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