AMP Capital has launched a new strategy to target mezzanine debt for infrastructure transactions in Asia-Pacific.

Simon La Greca, AMP Capital’s head of infrastructure debt Asia, told IPE Real Assets that the newly launched Infrastructure Debt Asia-Pacific strategy would be funded through a separate account from an existing investor in the firm’s global infrastructure fund.

“This investor is allocating new money to the strategy, and we will add to that over time with additional (separate) accounts and potentially a fund offering, La Greca said.

While bound by confidentiality not to disclose the identity of the investor or the sum invested, La Greca said the commitment was “a substantial amount” which would be enough to initially make “a number of investments”.

It has made its first mezzanine debt investment in Australia to be finalised next month.

Implementation of the new Infrastructure Debt Asia strategy follows AMP Capital’s success in raising US$6.2bn (€5.3bn) last year for its fourth infrastructure debt strategy.

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