AMP Capital targets $1bn for infrastructure debt fund

Australia fund house AMP Capital has raised $305 million for its second infrastructure debt fund, and hopes to achieve a final close of $1 billion by early next year. Most of the investors in the AMP Capital Infrastructure Debt Fund II (IDF II) are Japanese insurers and pension funds, although the asset manager has received an allocation from one of the biggest insurers in South Korea for the second fund, as well as from Chinese insurers and pensions. Two-thirds of investors acr…