Investment manager AMP Capital announced that it closed its Infrastructure Debt Fund after attracting €400 million ($490 million) from 30 global institutional investors from a broad range of countries including Australia, China, Germany, Japan, the United Kingdom and the United States.
The fund, which was launched in 2010, invests in the subordinated debt of essential infrastructure assets. The portfolio is expected to consist of investments in the subordinated debt of 10 to 15 companies headquartered in OECD countries in the essential services of water, gas, electricity, transport and hospitals.
The fund has invested €169.5 million ($208 million) of the €400 million ($490 million) so far, in five subordinated debt projects. The fund has acquired £15 million ($24 million) of the recently converted BAA Toggle Facility and has arranged a £150