Australia-based Macquarie Group has launched Macquarie Infrastructure Partners III, a nonlisted $2 billion fund, according to a filing with the Securities and Exchange Commission. Macquarie declined to comment on the offering.
The core vehicle follows the same strategy as its predecessors, investing primarily in North American economic infrastructure, including ports, toll roads, utilities and telecommunications. Macquarie Infrastructure Partners I held a $4 billion final close in 2007, and Macquarie Infrastructure Partners II closed in April 2010 with $1.6 billion raised in equity. Fund II completed a recent acquisition, Leaf River Energy Center, a salt cavern storage facility in Smith County, Miss., in December 2012.
The fund series is part of MacquarieGroup’s fund management business, Macquarie Infrastructure and Real Assets, which manages 48 funds with $104 billion in assets under management globally.