The Indiana Public Retirement System (INPRS) has committed $150 million to Macquarie Infrastructure Partners (MIP) VI, with a $50 million additional commitment to the Macquarie Infrastructure Partners Fund’s co-investment vehicle.
Managed by Macquarie Asset Management, news sources have reported that MIP VI is seeking between $7 billion and $8 billion of capital. The fund is targeting diversified, core-plus infrastructure investments primarily in the United States and Canada and anticipates that it will make equity and equity-like controlling investments in companies.
MIP VI’s predecessor fund, MIP V, closed in 2021 with $6.9 billion of capital commitments and seeks to invest in high-quality infrastructure assets, primarily focusing on the transportation, communications, waste management, utilities and energy sectors.
As of September 30, 8.6 percent ($3.34 billion) of INPRS’s $39 billion defined benefit portfolio was allocated towards real assets.