Investors put $20m into Private Capital

By Chris Hutching

Friday 24th March 2000

Investors have committed $19.5 million to the country's first public offering in private capital investments.

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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