Fundraising - FEBRUARY 22, 2016

Macquarie Infrastructure closes $3.1b Asian infrastructure platform

by Andrea Waitrovich

Macquarie Infrastructure and Real Assets has raised $3.1 billion in equity commitments for its Asian regional infrastructure platform.

The platform includes the Macquarie Asia Infrastructure Fund, which reached its hard cap of $2.3 billion, and specialist investment vehicles.

“The Asian region provides a compelling investment environment for institutional investors. Strong fundamentals underpin the growing demand for real assets including infrastructure, such as rapid urbanization and the push for sustainable development,” said Martin Stanley, global head of MIRA, in a statement.

Stanley added, “MIRA has had an enduring 22-year presence in the region. Throughout that time we have drawn on the deep sectorial and investment experience of our teams to deliver innovative, responsible and sustainable investment solutions for our partners and clients around the world.”

The platform attracted commitments from a diverse group of returning and new investors across Asia Pacific, North America and Europe.

As MIRA’s first Asian pan-regional infrastructure platform, it complements the firm’s already established country funds in the region. It is focused on investment opportunities in transportation, communications, utilities, power, energy and waste management assets across the region.

More than $1.3 billion of the platform has been invested already across six portfolio companies in four sectors since its first close.

MIRA has been investing in infrastructure in the Asia Pacific region since 1994, and it currently manages more than 50 infrastructure assets. MIRA-managed funds have more than $15 billion of assets under management in Asia Pacific across the infrastructure, real estate, agriculture and energy sectors.

As of Dec. 31, 2015, Macquarie had assets under management of $A487 billion ($355.4 billion).

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