ALTERNATIVES

AMP Capital closes global infrastructure platform at $2.4 billion

AMP Capital closed its global infrastructure platform at $2.4 billion, exceeding a $2 billion target, with commitments from more than 50 institutional investors.

The platform was created by converting the open-end AMP Capital’s Strategic Infrastructure Trust of Europe strategy to a closed-end European fund and with the launch of the AMP Capital Global Infrastructure Fund.

The platform, which had its final close Dec. 29, is made up of the two strategies and was launched in October 2014, a spokeswoman said. It attracted interest from U.K., U.S., Canada, Japan, Belgium, Denmark, the Middle East, Ireland, Australia, Spain, and Finland-based investors.

“Our focus on assets in the middle market has seen us secure a compelling range of investments already,” said Boe Pahari, AMP Capital global head of infrastructure equity, in a news release.

Investors include the $12.7 billion Ohio School Employees Retirement System, Columbus, which committed $50 million to AMP Capital Global Infrastructure Fund in September.