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Macquarie launches new infrastructure fund

by Jody Barhanovich

Macquarie Infrastructure & Real Assets has launched Macquarie Infrastructure Partners IV, according to a filing with the SEC. Macquarie Infrastructure Partners IV will invest in diversified infrastructure assets throughout North America.

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 transactions was part of an approximate $280 million initial investment.

In 2015, Macquarie acquired a 512-megawatt, gas-fired power-generating facility in Bayonne, N.J. The firm also has invested in six solar and two wind power-generating facilities with an aggregate generating capacity of 266 megawatts of electricity.

In addition, through its MIC Renewable Energy Holdings fund, the firm previously acquired Utah Red Hills, an 80-megawatt solar power facility in Utah, from Scatec Solar.

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