AMP Limited announced that it has entered into an agreement for the sale of Collimate Capital’s international infrastructure equity business to DigitalBridge Investment Holdco, LLC  for an upfront consideration of AUD462 million (US$326.09 million) and a total value of up to AUD699 million (US$492.89 million).

The transaction, expected to complete by Q4 2022, includes:

• International infrastructure equity assets under management (AUM) of AUD9 billion (US$6.35 billion)
• The management platform, including Global Infrastructure Fund (GIF) series and other related funds and the majority of unrecognized future performance fees and carried interest
• All of AMP’s seed and sponsor investments in international infrastructure equity funds
• A substantial portion of the teams are located across the UK and Europe, North America and Asia.