Macquarie Infrastructure and Real Assets has announced a final close of Macquarie Super Core Infrastructure Fund Series 1, with €2.5 billion ($2.9 billion) of investor commitments, exceeding its initial minimum target of €1.5 billion ($1.8 billion).
The new fund has been developed in partnership with investors to complement MIRA’s existing European infrastructure funds, targeting investments in core regulated assets through a long-term, yield-focused vehicle.
MSCIF attracted commitments from a globally diverse group of new and returning investors to the MIRA platform, including public and private pension plans, insurance companies, corporations, and sovereign wealth funds.
MSCIF has already committed approximately 60 percent of its capital to investments in Cadent Gas in the United Kingdom, and Elenia Oy in Finland. The two seed assets will provide diversified exposure for the fund across the regulated gas and electricity distribution sectors.
The final close of MSCIF Series 1 builds on the fundraising momentum experienced across the MIRA platform over the past five years, with more than €34 billion ($40 billion) in new commitments raised from investors.
During the same period, MIRA has returned more than €20 billion ($24 billion) in capital and distributions to investors in its funds around the world.
MSCIF is structured to be able to grow over time as further assets are acquired into the fund through further series fundraisings.
