The latest offerings in investments, such as funds and structured products, and other notable developments.
AMP Capital has launched a new Infrastructure Debt Asia Pacific strategy.
The strategy will target infrastructure mezzanine debt opportunities in both developed and developing countries in Asia-Pacific. (Mezzanine debt occurs when a hybrid debt issue is subordinated to another debt issue from the same issuer.)
A new team based in Singapore and Sydney will find investment opportunities in sectors including energy, transportation, utilities, and digital infrastructure across the region, the firm said in a statement.
“The new capability to be headed up by an experienced partner in our business, Simon La Greca, reflects both the growing interest in the asset class by investors across the world who continue to seek out stable, yield-focused opportunities in increasingly volatile market conditions, and the tremendous growth in infrastructure investment across Asia,” AMP Capital’s global head of infrastructure debt, Patrick Trears, said.
Le Greca added: “We recognise there is currently a funding gap for infrastructure projects in Asia, and that’s why we are making the region a key strategic priority. AMP Capital already has a strong track record in infrastructure debt across North America and Europe - the Asia strategy will form the third pillar of our global infrastructure debt business.”
AMP Capital has completed a number of deals in Asia-Pacific including an A$210 million ($145 million) mezzanine debt investment with Stonepeak Infrastructure Partners to support the purchase of one of Taiwan’s leading offshore wind farm developers, Swancor Renewable Energy Co. The investment supports the construction of a new 376-megawatt offshore wind farm called Formosa II.
The new Infrastructure Debt Asia strategy was announced following last year’s record $6.2 billion (A$9.6 billion) fundraise for AMP Capital’s fourth infrastructure debt strategy. Since 2001, AMP Capital’s Infrastructure debt team has invested more than $8.8 billion in 80 assets globally.
Schroders Singapore, part of the UK-listed investment house Schroders, has launched Schroder ISF Sustainable Multi-Asset Income, a multi-asset fund.
The fund “offers a compelling solution for retail investors who want to make a lasting impact on society and the environment, without compromising on quality income”, the organisations said.
HSBC Singapore is the exclusive distribution partner for the fund.
Schroders said that the need for sustainable investing is more rather than less urgent because of COVID-19. “The findings from Schroders’ latest Global Investor Study reinforce this belief: 43 per cent of investors in Singapore now frequently invest in sustainable investment funds, a marked increase from 31 per cent two years ago. Sceptics have long argued that growing interest in sustainability would not be supported as markets become more challenging,” Lily Choh, deputy CEO, Singapore and head of distribution, South East Asia, Schroders, said.