Saturday January 18, 2020

Drumm’s health fund Glencar gets Australian backer

Backer is €100 billion Australian investment house AMP Capital

14th February, 2016
HSE chief executive Brendan Drumm Picture: Rollingnews

Glencar, the healthcare fund chaired by former HSE chief executive Brendan Drumm, is being backed by a €100 billion Australian investment house, AMP Capital.

Founded in 1859 and a major investor in property and infrastructure globally, AMP already has an infrastructure fund dedicated to Ireland which bought wind energy assets from Viridian in 2012 for an estimated €200 million.

In 2011, AMP Capital was awarded a mandate by Irish Life Investment Management (ILIM) to manage the €1...

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