AMP Capital focuses on social infra with new hire

The Sydney-based fund manager has appointed Plenary Group’s Daniel Pilbrow as it seeks to capitalise on opportunities in the healthcare sector resulting from demographic changes.

AMP Capital has appointed Daniel Pilbrow as its new associate director for social care.
Pilbrow will be based in Sydney and will focus on identifying opportunities to increase investment in health and social care in Australia, as well as on creating value from AMP Capital’s existing health infrastructure assets.

A spokeswoman said Pilbrow’s appointment was designed to add direct clinical experience to the AMP Capital team. The firm’s expertise was focused on property and finance, she said, and Pilbrow’s “strong clinical management focus” would provide a “greater hands-on role in developing the model of care”.

Pilbrow has more than 20 years’ experience in healthcare leadership roles and has worked in areas including strategy development and planning, as well as on transformation projects for private, public and not-for-profit organisations.

He most recently worked for the Plenary Group as director of the Royal North Shore Hospital PPP project in Sydney, a A$1.13 billion ($816.98 million; €699.77 million) redevelopment scheme, completed in June. He also worked as executive director, strategy for the Peter MacCallum Cancer Centre, where he was responsible for the development of the A$1 billion Victorian Comprehensive Cancer Centre Project.

“With a growing need for private capital in the health sector, investors will have an important role in supporting the development of new healthcare infrastructure, particularly as the world’s population continues to age. The growing sector presents attractive investment opportunities for investors, while supporting the development of critical health and social care infrastructure services in the community,” AMP Capital global head of infrastructure health Julie-Anne Mizzi said in a statement.

In an interview with Infrastructure Investor in July, Mizzi warned the healthcare sector came with “very high reputational risks”.

AMP Capital’s Community Infrastructure Fund invests in an unlisted portfolio of PPP-style social infrastructure assets in Australia and New Zealand, focusing on the education, health, justice, defence, community housing, recreational facilities and transport sectors.