Dylan Foo, AMP Capital’s head of infrastructure equity in the Americas, and Steve Rooks, who led the firm’s portfolio management in North America, have become the latest in a string of departures at the Australian firm.
Foo will join Apollo Global Management after a period of gardening leave to lead the New York-based firm’s infrastructure programme, according to a source familiar with the matter. He first joined Sydney-based AMP Capital 13 years ago and helped establish its infrastructure programme in the Americas in 2011.
In a statement, AMP Capital said Simon Ellis, a partner at the firm, has been appointed its new head of Americas infrastructure equity and will be based out of AMP’s California office. The firm declined an interview for this story.
Rooks has left the firm to join Canadian private equity firm TorQuest Partners. The two departures follow AMP Capital’s co-heads for fund distribution in Europe, Louisa Yeoman and Kate Campbell, leaving the firm to launch their own placement agent business.
Yeoman was recently named in Infrastructure Investor’s inaugural Rainmaker 20 ranking. AMP Capital’s European LP base numbered fewer than 10 when she arrived, but had increased to more than 100 today.
The personnel exits also come as AMP Capital is in the market with two funds. The firm is raising AMP Capital Infrastructure Debt Fund IV, which launched this year targeting $3.5 billion and has raised around $2.7 billion, as well as AMP Capital Global Infrastructure Fund II. According to the source, that fund, which has been in the market for about a year and a half, has raised more than $2 billion and is expected to close on its $3 billion target by the end of the year.
Foo helped raise the firm’s first global infrastructure fund, which closed on $2.4 billion in 2015.