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Year Founded: 1848

AUM: $52.00B | Dry Powder: $2.19B
33 Alfred Street, Sydney, New South Wales 2000, Australia
AMP Capital operates as a private equity investment firm. the firm provides direct access to investment opportunities that are usually only available to large super funds and institutions. The firm offers fixed income, equities, and multi-asset solutions with a focus on real estate and infrastructure investments

Key Contacts

  • Shawn Johnson
    Chief Executive Officer
  • Aideen O’Donovan
    Chief Financial Officer
  • Adam Ringer
    Partner

Investment Preferences

  • Preferred Industries
    Commercial Products, Commercial Services, Commercial Transportation, Communications and Networking, Energy Equipment, Energy Services, Exploration, Production and Refining, Healthcare Services, Other Business Products and Services, Software, Other Energy, Transportation
  • Geographical Preference
    Australia
  • Preferred Deal Types
    Buyout/LBO, PE Growth/Expansion
  • Other Investment Preferences
    • Invests in GP Stakes
    • Prefers majority stake
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

AMP Capital Infrastructure Debt Fund IV
Vintage: 2019

Size: $6.2B

Dry Powder: $303.6M

Details: The fund targets infrastructure, information technology, utilities and transportation sectors

AMP Capital Global Infrastructure Fund II
Vintage: 2018

Size: $3.4B

Dry Powder: $3.4B

Details: It deploys capital to benefit from the evolution of infrastructure: energy, transport

Irish Infrastructure Fund
Vintage: 2017

Size: $335.1M

Dry Powder: $62.0M

Details: The fund looks for investments in The fund prefers investing in renewable energy

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In December 2022, AMP Capital along with 2 other investors participated in AUD15 million funding round for Evergen, developer of an energy optimization platform designed to provide solar and battery management tracking for households

In December 2021, AMP Capital established a 50/50 partnership with Sterlite Power Transmission Limited (Sterlite Power) for the development of energy transmission projects in India. AMP Capital and Sterlite Power would each invest an initial amount of approximately $150 million in the development of four transmission projects, and have put in place debt financing, which represents a total capital outlay of around $1 billion

In December 2020, AMP Capital has made a partnership agreement with Sterlite Power Transmission Limited. Through this partnership both the companies will jointly work for the development of energy transmission projects in India. Both the parties have agreed to invest $150 million for the development of four transmission projects

In October 2020, AMP Capital Infrastructure through its fund called AMP Capital Infrastructure Debt Fund IV, has invested €238.5 million in an Ireland-based developer Mainstream Renewable Power. The investment is made for the construction of 1.3GW Andes Renovables wind and solar platform in Chile

In September 2020, AMP Capital Infrastructure through a joint venture with the energy transformation firm Enel X, has agreed to invest in infrastructure for the electric vehicles’ storage, charging, repair and operation. AMP Capital Infrastructure holds 80% controlling interest in the joint venture. This investment by AMP Capital Infrastructure marks its entry into e-mobility sector

In May 2020, AMP Capital invested $145 million mezzanine debt investment with Stonepeak Infrastructure Partners to support the acquisition of Swancor Renewable Energy, as well as the construction of Swancor’s 376MW Formosa II offshore wind farm in Taiwan. The offshore wind project is expected to be completed in 2021 and once online, will supply power to state-owned Taiwan Power Co. under a 20-year fixed-price PPA

In December 2019, AMP Capital completed the acquisition of half of the 420MW Macarthur Wind Farm in Victoria with a refinancing of approximately $607 million of debt. In October, AMP won the auction to buy stake of the wind farm. Westpac, Mizuho, ​​BNP Paribas and HSBC were joint lead managers for the five-year bullet loan

In November 2019, Adven via its financial sponsors AMP Capital Investors, M&G Investments and Infracapital acquired a 33MW renewables fueled steam plant of Pankaboard through an LBO for an undisclosed sum

In February 2019, AMP Capital and GIC participated in a debt financing for Fortress Transportation and Infrastructure Investors’ 485MW Long Ridge Energy Generation project. AMP Capital’s infrastructure debt platform provided the $143 million second lien tranche, with the first lien tranche being evenly split between GIC and another Asian Institutional investor

Other Details

The firm invests in energy, power, transport, utilities, airports, seaports, communications infrastructure, social infrastructure, aged care sectors. It has made over 140 infrastructure equity and debt investments and has A$23.1 billion funds under management. AMP Capital has successfully raised and managed 10 infrastructure funds, as well as a range of separately-managed infrastructure accounts. It employs more than 200 investment professional in 19 locations around the world. Throughout 2022, as a financial sponsor AMP Capital has indirectly invested in multiple companies, operating in the sustainable energy space including Huso Renovables, Alisios, Readypower Group etc.

The latest fund AMP Capital Global Infrastructure Fund II seeks to deploy capital across the four sectors to benefit from the evolution of infrastructure in the current market environment: transport, communications, infrastructure health and energy. The fund was closed on $3.4 billion exceeding its $3 billion target thanks to more than 60 institutional investors globally

1832 Asset Management, 3i Infrastructure, AAC Capital, Acadian Asset Management, Access Capital Partners, Achieve Together, Adven are some of the institutional investors in AMP Capital’s funds

Source: Company Website, PV Magazine, DCA Advisory, Real Assets.ipe, SparkSpread, Pitchbook, Hindu business line