AMP Capital (AMP) raised a record US$6.2 billion for its fourth infrastructure debt strategy, which includes the final close of the Infrastructure Debt Fund IV (IDF IV), co-investment rights and separately managed account commitments.

AMP announced on October 22 that the IDF IV reached its hard cap of US$4 billion, surpassing its US$3.5 billion target. An additional US$1 billion was secured in co-investment rights and a further US$1.2 billion from investors wanting access to AMP’s infrastructure debt deal capabilities.

This is AMP’s largest closed-end fund ever and is believed to be the largest fundraise in the world for an infrastructure mezzanine debt strategy.

During the year, more than US$2 billion of funds raised has been deployed into 10 high-quality assets located around the world, including a district heating business in Europe and a data centre in North America.

The successful fundraise continues AMP’s growth momentum in real assets – infrastructure and real estate – and follows the success of the company’s Infrastructure Debt Fund III, which raised US$2.5 billion and an additional US$1.6 billion in co-investment and other commitments in 2017.

AMP’s infrastructure debt team has invested more than US$7.4 billion in 76 assets since 2001.

“We’re thrilled with the level of interest we’ve received for our fourth infrastructure debt strategy. We’re now focused on securing quality investments to deploy the remainder of the capital with a focus on energy, utilities, digital technology and transport infrastructure in OECD and developed countries,” says Andrew Jones, global head of infrastructure debt, AMP Capital.