AMP Capital raises $6.2bn

The global asset management firm closes fourth debt fund above target.

AMP Capital has held a final close on AMP Capital Infrastructure Debt Fund IV at $4 billion, surpassing its $3.5 billion target. The firm also secured an additional $1 billion in co-investment rights and $1.2 billion for separately managed accounts linked to the strategy.

A total of 86 investors from 14 countries invested in Fund IV. The firm found strong demand for the strategy in Korea, Japan, Canada and the UK, with Korean investors alone committed approximately $1.2 billion, AMP Capital said in a statement.

This is AMP Capital’s largest ever closed-end fund, and it will invest in infrastructure mezzanine debt. In 2017, AMP Capital’s Fund III raised $2.5 billion for the main fund and an additional $1.6 billion in co-investment and other commitments.

AMP Capital managed AUS$200 billion of assets as of 30 June 2019.