Macquarie Infrastructure Partners has raised $3.84 billion for its fourth fund, Macquarie Infrastructure Partners IV, nearing a final close, according to an SEC listing. The fund was originally seeking to raise $3.5 billion.
Macquarie Infrastructure Partners IV launched in 2017. 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.
Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory, and risk and capital solutions across debt, equity and commodities.
