AMP closes third debt fund on $2.5bn hard-cap

The firm has secured a further $1.6bn of co-investment capital alongside Fund III, which will focus on mezzanine debt.

Australian firm AMP Capital has hit its $2.5 billion hard-cap for its third infrastructure debt fund, raising some $500 million above target to close what it's calling one of the world’s largest-ever infrastructure debt vehicles.

Total commitments to the mezzanine strategy reached $4.1 billion, following the addition of two separate $800 million co-investment pools – one from LPs in the fund and another from investors seeking access on a deal-by-deal basis.