AMP Capital’s global infrastructure platform has raised more than $1bn (€907m) in new commitments from existing and new clients.

The investors came from Japan, the Middle East, Denmark, Finland, Spain, Switzerland, Canada and the US.

The Sydney-based manager said it was near to its final close of $2bn, due this year.

It said the global infrastructure platform was more than three-quarters of the way towards meeting its target when funds raised were combined with an existing portfolio of diversified European infrastructure equity assets.

Managing partner Boe Pahari said: “Investors have come to understand the many benefits – such as low volatility, high yield, GDP and inflation linkage, and low correlation with equities – that infrastructure provides to a portfolio.”

AMP Capital restructured its Strategic Infrastructure Trust of Europe in October 2014 to launch a global infrastructure platform.

Since then, the new fund has had two closes, raising $400m in total.

It has also been actively making acquisitions in the past year, including a stake in the UK’s largest rolling stock company, Angel Trains, bought from Arcus European Infrastructure Fund 1.

AMP Capital led a consortium, which included ADIA, Swiss Life, an Asian institutional investor and PensionDanmark in the transaction, to give it a majority stake.

AMP Capital has been a shareholder in Angel Trains since 2008.  

In another transaction, AMP Capital and Infracapital acquired Adven Group, a provider of sustainable and energy infrastructure and services in Finland, Sweden and Estonia.

Last December, AMP Capital and 3i Infrastructure agreed to jointly buy Danish company ESVAGT from Maersk Group. 

AMP Capital invested around £109m (€139.4m) in a 50% interest in ESVAGT.

Topics