PrivateMarketsCo sells Infrastructure Debt platform for A$428mn

AUCKLAND: AMP Limited’s PrivateMarketsCo entered into a binding agreement to sell its Infrastructure Debt platform to Ares Holdings LP for a total cash consideration of A$428 million. The agreement follows PrivateMarketsCo’s strategic decision to focus on its key strength of managing equity investments in real estate and infrastructure, while also simplifying its structure and realizing…