Tag: AMP Capital

Ontario Pension Invests $200 Million in European Infrastructure

Canada

The Ontario Pension Board has invested $200 million with AMP Capital’s Global Infrastructure Fund.

The fund invests in European utilities, communication and transport infrastructure.

More details from SuperReview:

The Ontario Pension Board (OPB), the administrator of the 80,000 member defined benefit Public Service Pension Plan with $22 billion in assets, invested the sum which will make up 10 per cent of the strategy’s target size of US$2 billion.

AMP Capital Global Head of Infrastructure Equity Boe Pahari said the investment was an endorsement of the strength of the strategy which accesses diversified European infrastructure equity in sectors such as transport, communication and utilities.

OPB Private Markets’ managing director Glenn Hubert said the pension fund board was impressed with the longevity, scope and success of AMP Capital’s infrastructure investments as well as it growing market presence in North America which includes an infrastructure equity investment team based in New York.

AMP Capital Head of Americas, Infrastructure Equity Dylan Foo said the group would continue to grow in that region by focusing on mid-market opportunities where it could see relative value versus larger transactions.

The move by the OPB follows reports that Canadian pension funds were also being drawn to invest in Australian infrastructure projects and developments resulting from the Federal Government’s efforts to boost spending in that sector.

The Ontario Pension Board manages $22 billion in assets.

 

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Ontario Pension Commits $200 Million to Infrastructure

Canada

The Ontario Pension Board has earmarked $200 million to AMP Capital for investment in global infrastructure.

Details from IPE Real Estate:

Launched in October, the strategy is aiming to raise CAD2bn (€1.57bn) for investments in OECD transport, communication and utilities.

AMP, which manages unlisted and listed infrastructure investments in Asia, Europe, North America, Australia and New Zealand, said the strategy currently holds a $750m portfolio of diversified European infrastructure equity assets.

Glenn Hubert, a private markets managing directors at OPB, said the pension fund was attracted by the possibility to gain exposure to multiple, high-quality assets.

OPB had a 3.2% allocation to infrastructure at the end of last year.

The commitment, he added, grows OPB’s presence in North America, a region that AMP has been building its presence in. The manager has an infrastructure equity team in New York.

AMP Capital global head of infrastructure equity Boe Pahari said growing numbers of institutional investors are seeking greater exposure to alternative assets such as infrastructure, attracted to ”predictable risk-adjusted returns, consistent yields and portfolio diversification”.

As reported in October, private equity firm Pantheon is among investors backing AMP Capital’s strategy.

The Ontario Pension Board manages more than $19 billion in assets.