Macquarie Infrastructure Debt Investment Solutions is launching its second U.K. inflation-linked infrastructure debt fund, according to a statement.
Macquarie Infrastructure Debt Fund II is targeting “U.K. pension schemes seeking to invest a minimum of £10 million ($14.3 million) into debt to match their long-dated inflation-linked liabilities over a 30-year term.” The fund will use a similar buy-and-hold investment strategy as its predecessor, Macquarie Infrastructure Debt Fund I.
“The launch of our second fund of this type reflects how an inflation-linked debt investment strategy is an effective solution of U.K. pension schemes needing to de-risk, deliver returns and achieve portfolio efficiencies,” says Tim Humphrey, managing director of MIDIS.
Fund I held a final close of £829 million ($1.2 billion) in July 2015. MIDIS has invested more than £800 million ($1.1 billion) in fixed-rate, floating-rate and inflation-linked debt across 11 infrastructure subsectors, including transportation, regulated utilities, social infrastructure, solar photovoltaic projects and onshore wind.
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