Taiwan-based Cathay Life Insurance Co. has slated €30 million ($32 million) for Macquarie European Infrastructure Fund 7 (MEIF 7), a new fund managed by Macquarie Infrastructure and Real Assets (MIRA).
MEIF 7, which opened in January, will seek to deploy capital into a long-term portfolio of diversified infrastructure assets, which aim to deliver sustainable, predictable and inflation-linked cash flows.
The fund will target a pipeline of European infrastructure assets that occupy a strategic competitive advantage in their respective sectors, including utilities, transportation, communications infrastructure and renewables.
Macquarie closed its previous fund in the series, MEIF6, with €6 billion ($6.8 billion) in June 2019, exceeding its initial target of €5 billion ($5.7 billion).
Cathay Life could not be reached to comment on its investment at the time of publi