Alberta Investment Management Corp. (AIMCo) has made a $300 million cornerstone commitment to Macquarie Asia Infrastructure Fund 2, according to a statement. Ashurst, a London-headquartered law firm, assisted AIMCo in negotiating the terms of its significant investment.
Macquarie Asia Infrastructure Fund 2 is a new infrastructure fund managed by Macquarie Group Limited. The fund will primarily invest in diversified infrastructure assets throughout Asia Pacific.
The commitment made by AIMCo to the fund underscores both the current trend in the market toward very large fund raisings getting off successfully and the advantage that being a cornerstone investor, with a significant capital commitment, brings to being able to negotiate favorable investment terms.
AIMCo is one of Canada’s largest and most diversified investment managers with more than C$90 billion ($71 billion) of assets under management.