AMP launches lower-risk infrastructure fund

Australian asset manager AMP Capital has raised around $300 million from a dozen institutional investors for the new AMP Capital Infrastructure Debt Fund. But unlike many infrastructure funds launching of late, this one focuses on developed-market rather than emerging-market assets. The fund’s strategy is to invest in the subordinated debt of infrastructure providers based in the OECD region, reflecting the low level of risk being sought. Typically, infrastructure investment in de…