Macquarie Infrastructure Partners has raised more than $3.3 billion for its fourth fund, according to an SEC listing.
Macquarie Infrastructure Partners IV launched earlier this year. The infrastructure fund will invest in diversified infrastructure assets throughout North America. The fund received commitments from institutional investors, including New Mexico State Investment Council and State Universities Retirement System of Illinois.
The fund’s predecessor, Macquarie Infrastructure Partners III, held a $3 billion final close in 2014, exceeding its $2 billion equity fundraising target. The fund invests in opportunities in transportation, communications, utilities, power, energy and waste management assets.
Fund III previously acquired a 42.5 percent equity interest in InSite Wireless Group, a company that develops, owns, operates and manages wireless communications infrastructure facilities primarily for the wireless and broadcast industries, from Catalyst Investors II and other minority investors. The transaction was part of an approximate $280 million initial investment.
In addition, Macquarie’s European Infrastructure Fund 5 and Universities Superannuation Scheme acquired the U.K. Green Investment Bank Limited1 from HM Government for £2.3 billion ($2.9 billion).
