AMP Capital Infrastructure Debt Fund IV reaches final close

AMP Capital has announced a record US$6.2 billion fundraise for its fourth infrastructure debt strategy, which includes the final close of the AMP Capital Infrastructure Debt Fund IV (IDF IV), co-investment rights and separately managed account commitments.

Central to the fundraise is the final close of the IDF IV, which reached its hard cap of US$4.0 billion, surpassing its US$3.5 billion target. An additional US$1.0 billion was secured in co-investment rights and a further US$1.2 billion from investors wanting access to AMP Capital’s infrastructure debt deal capabilities.

This is AMP Capital’s largest closed-end fund ever and is believed to be the largest fundraise in the world for an infrastructure mezzanine debt strategy.

AMP Capital Global Head of Infrastructure Debt Andrew Jones said: “We’re thrilled with the level of interest we’ve received for our fourth infrastructure debt strategy. In less than a year, a total of 86 investors from 14 countries invested in IDF IV with strong demand from institutional investors in Korea, Japan, Canada and the UK.

During the year, more than US$2 billion of funds raised has been deployed into 10 high-quality assets located around the world, including a district heating business in Europe and a data centre in North America.

Mr Jones commented: “We’re now focused on securing quality investments to deploy the remainder of the capital with a focus on energy, utilities, digital technology and transport infrastructure in OECD and developed countries.”

The successful fundraise continues AMP Capital’s growth momentum in real assets – infrastructure and real estate – and further cements its reputation as a global leader in both equity and debt investments.

AMP Capital’s infrastructure debt team comprises 16 investment professionals located in London, New York and Sydney. Since 2001 the team has invested more than US$7.4 billion in 76 assets.