Macquarie Infrastructure and Real Assets (MIRA) has collected more than €1.6 billion ($1.9 billion) at the final closing of its Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2), a 25-year closed-end fund that will invest in a diversified portfolio of renewable assets.
The fund exceeded its initial minimum fundraising target of €1 billion ($1.2 billion) with commitments from 32 investors, including pension funds, local government pension schemes, insurers and sovereign wealth funds. The majority of investment capital came from Europe, with additional commitments coming from Asia Pacific and North America.
“As custodians of the world’s first dedicated operational offshore wind fund, we’ve been committed to developing a successor to harness deep institutional capital pools to help achieve net-zero,” said Leigh Harrison, head of MIRA EMEA. “MGREF2 is the next step in this journey, and we are delighted with the strong support the fund has rece