Macquarie Infrastructure Partners III, the latest North America–focused fund offering from Australia’s Macquarie Group, has raised $1.89 billion, according to a filing with the SEC.
The vehicle launched in January 2013 with a $2 billion fundraising goal. The firm held an initial close in September with $1.3 billion. A final close date was not disclosed.
It is the successor to Macquarie Infrastructure Partners I and Macquarie Infrastructure Partners II, both of which are also dedicated to investing in infrastructure in the United States and Canada, particularly in toll roads, bridges, utilities, ports, telecommunications infrastructure and waste management.
MIP II closed in 2010 with $1.6 billion, and MIP I closed in $4 billion in 2007.
In September 2013, MIP I sold a wireles