AMP Capital raises $3.4bn

The Australian fund manager closes its second global infrastructure fund above target.

Fund name: AMP Capital Global Infrastructure Fund II
Amount raised: $3.4bn
Target size: $3bn
Stage of fundraising: Final Close
Final close date: December 2019
Time on the road: 21 months
Target IRR: 12%-15%
Transaction size: $100m-$750m

AMP Capital held a final close of AMP Capital Global Infrastructure Fund II at the fund’s hard cap of $3.4 billion. The fund targets mid-market transactions in the transport, communications, healthcare and energy sectors in Europe, North America and other OECD countries. The firm’s prior global infrastructure fund, Global Infrastructure Platform, closed on $2.4 billion in January 2017 after targeting $2 billion.