AMP Capital hits record USD 6.2bn for latest debt fund

22 October 2019 - 12:00 am UTC

AMP Capital today said it has raised USD 6.2bn for its latest mezzanine infrastructure debt fund, with up to a third of the capital from Korean investors. 

The fund manager hit its USD 4bn hard cap for Infrastructure Debt Fund (IDF) IV, beating its original fundraising target by USD 500m.

A further USD 1bn was gathered from co-investors and USD 1.2bn for separately managed accounts.

The preceding debt fund IDF III raised in 2016 also comfortably beat its target of USD 2bn, before hitting a hard cap of USD 2.5bn and raising a further USD 1.6bn from co-investors and managed accounts.

In total, 86 investors from 14 countries, including Korea, Japan, Canada and the UK, contributed to IDF IV. Thirty of these are investing in an AMP Capital debt fund for the first time.

“We were expecting to have continued support for the strategy, but we were particularly pleased with the amount of investors that decided to support us over a short period of time,” Andrew Jones, Sydney-based global head of infrastructure debt, told Inframation.

IDF IV held a first close in June after raising USD 2.7bn.

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