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Macquarie raises $5b for North America infrastructure fund
Fundraising - JANUARY 17, 2019

Macquarie raises $5b for North America infrastructure fund

by Andrea Zander

Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, has held a final close for its Macquarie Infrastructure Partners IV (MIP IV) after reaching its $5 billion hard cap in December 2018.

MIP IV is focused on high-quality investments across the transportation, communications, energy and waste infrastructure sectors and has made a number of investments in these sectors to date.

MIP IV is MIRA’s fifth North American focused unlisted infrastructure fund and follows the investment strategy of its predecessor fund, MIP III, which closed at its hard cap of $3 billion in commitments in 2014.

The close of MIP IV brings MIRA’s global capital raising to $29 billion over the past two years. MIRA is one of the world’s leading alternative asset managers, with more than $129 billion of assets under management.

MIP IV attracted commitments from a diverse group of returning and new investors from around the world, including public and private pension plans, insurance companies, corporations, and sovereign wealth funds.

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