AMP Capital has confirmed the launch of its Global Infrastructure Fund by converting its successful Strategic Infrastructure Trust of Europe (SITE) from an open-ended to a closed-ended European fund and launching the Global Infrastructure Fund.
SITE’s portfolio currently comprises $750m in assets to be shared with the Global Infrastructure Fund, AMP now aims to raise an additional $1.25bn of new commitments, extending the target size to $2bn.
The fund has attracted investment from Pantheon, a global private equity and infrastructure investor.
Andrea Echberg partner European Infrastructure at Pantheon said: “We believe this investment presents an exciting opportunity for us and our clients. We are happy to be participating.”
Boe Pahari, AMP Capital head of Infrastructure for Europe and the Americas and managing partner of the Global Infrastructure Fund said: “AMP Capital’s Global Infrastructure Fund gives a broader range of investors around the world a new and unique opportunity to tap into an asset class that is going from strength to strength.”
The seed assets will provide new investors with access to an existing portfolio of infrastructure businesses including Newcastle Airport, Angel Trains, Alpha Trains, Thames Water, CLH and Greater Gabbard OFTO.