By Chris Hutching
Friday 24th March 2000 |
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AMP Private Capital's public offer had initially sought $25 million and it was extended by three weeks to close on March 17.
Martin Turner, head of private capital for AMP Asset Management (Ampam) said he was delighted at the response because it was a new asset class.
Advisers and brokers had indicated there might be sufficient demand for a second retail offering later in the year.
The funds raised will be invested alongside AMP Asset Management's own funds in a 10-year closed investment.
The wholesale component of the offer will close on April 17.
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