AMP bolsters infra debt team

The fresh hires will join the Australian fund manager’s London and New York offices.

Sydney-headquartered fund manager AMP Capital has made several senior appointments to its infrastructure debt team.

Emma Haight is to join as director from the Netherlands’ NIBC Bank where she was vice president in the lender’s project finance unit and one of the division’s lead negotiators on infrastructure deals. She was previously at London-based solar developer Nur Energie and law firm Allen & Overy, where she held similar roles.

Her appointment was announced simultaneously to that of James Fox, who is to join at the end of April as associate director. Fox previously worked within the finance team of real estate investment firm British Land. Both Haight and Fox are to strengthen the ranks of AMP’s London office.

Meanwhile Spencer Iver will join the firm’s New York base as associate director, relocating in May from AMP’s Sydney office where he was fund controller for the infrastructure debt team.

The fresh hires come as AMP seeks commitments for its second subordinated debt-focused vehicle, which is targeting $1 billion. The fund held a first close on $300 million last August.

“These appointments reflect gathering momentum behind our fundraising efforts,” said Andrew Jones, AMP’s global head of infrastructure, in a statement. “They will all be integral in sourcing and securing new deals.”

In January, the firm closed a $100 million subordinated debt financing for New York-based Astoria Project Partners, an operational, combined cycle power plant with a generating capacity of 550 megawatts (MW).

The target of AMP’s second fund is more than double the size of its maiden debt vehicle, which reached a final close on $503 million in 2012.

In February, US asset manager AllianceBernstein announced that it had recruited Gerry Jennings, one of the founding principals in AMP’s infrastructure debt funds, to head its new infrastructure debt business. Jennings, who spent nine years at AMP, had left the firm last November.