Macquarie Asset Management has raised over €8bn for its latest European infrastructure fund.
The firm said Macquarie European Infrastructure Fund 7 (MEIF7), which reached its final close last month, attracted commitments from more than 100 pension funds, insurers, sovereign wealth funds, asset managers and fund-of-funds investors.
Macquarie said around 92% of MEIF7’s commitments came from investors that previously invested with the fund manager. The strategy also attracted commitments from 24 investors new to the asset manager’s platform.
MEIF7 targets infrastructure companies aligned with decarbonisation, digitalisation, circular economy and demographic shifts. Already, the fund has backed VIRTUS Data Centres, car parking sites and garage developer Best in Parking and UK independent energy utility infrastructure provider Last Mile Infrastructure.
Adam Lygoe, head of institutional and international wealth distribution at Macquarie Asset Management, said: “Despite an uncertain macroeconomic environment, we have continued to strengthen and broaden our relationships with clients by providing compelling solutions to help meet their investment objectives. We would like to thank our investment partners for the trust they have placed in us.”
Martin Bradley, head of infrastructure for Macquarie Asset Management in EMEA, said: “Continual investment is needed to develop the infrastructure that provides essential services to communities. The closing of our seventh European infrastructure fund enables us to play a meaningful role in helping meet that need, as we seek to deliver positive impact across EMEA.
“We have a strong pipeline of investment opportunities and have already begun to establish a robust and diverse portfolio with three investments by the fund to date. We look forward to building on this strong foundation as we continue to deploy in the coming years.”
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