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You are here: Home > Macquarie Capital Funds |
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About Macquarie Capital Funds (Europe) Limited |
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Macquarie, through Macquarie Capital Funds, is a global leader in the creation and management of specialist funds which focus on infrastructure, real estate and adjacent sectors. As at 31 December 2009, Macquarie Capital had more than €70bn of assets under management through a range of listed and unlisted vehicles investing in toll roads, airports, communications infrastructure, renewable energy, utilities, transport, directory services, aged care and commercial real estate. This global investment portfolio includes businesses located in Belgium, Denmark, Finland, France, Germany, the Netherlands, Poland, Spain, Sweden and the United Kingdom. As a responsible manager, Macquarie is committed to providing information in relation to its funds and the companies in which they invest, and to meeting relevant guidelines in this respect. Infrastructure fundsMacquarie is a committed long-term investor in infrastructure and we aim to manage the businesses in which we invest profitably and responsibly. We take a partnership approach, working with local management teams and bringing specialist strategic, commercial, operational and financial expertise. Within Macquarie Capital Funds we have a global team, many with deep operational expertise, supporting the businesses in which we invest. Specific industry-based teams, such as airports and utilities, enhance the performance of these businesses over the long term. Other specialist fundsIn addition to its flagship infrastructure funds, Macquarie Capital Funds also manages a number of non-infrastructure funds including private equity funds. Macquarie European Infrastructure FundsFunds managed by MCFEL include: Macquarie European Infrastructure Fund 1 Macquarie European Infrastructure Fund 2 Macquarie European Infrastructure Fund 3 Macquarie European Infrastructure Fund 1, Macquarie European Infrastructure Fund 2 and Macquarie European Infrastructure Fund 3 are 10 year funds, with options to extend by two years at the discretion of their manager, and a further two years with the consent of their investors. These funds take a long-term perspective when acquiring and managing assets, seeking to develop investments profitably and responsibly. They are committed to providing relevant information in relation to both themselves and the companies in which they invest, and to meeting relevant guidelines in this respect, including the British Venture Capital Association's 'Guidelines for Disclosure and Transparency in Private Equity'. MCFEL also acts as adviser to other Macquarie Group investment vehicles that have interests in Europe. The majority of investors in MCFEL’s funds are public/industry and corporate pension funds. A summary of investors in Macquarie’s European infrastructure funds, by type and by region, is provided in the following charts.
Investor breakdown by region – Macquarie European Infrastructure Funds (as of December 2009) The governance structure that MCFEL applies to the funds it manages is outlined below. An Investment Committee staffed by senior employees of Macquarie Capital Funds is responsible for investment decisions for the funds. Day-to-day management of the funds’ affairs is delegated to a Management Committee, comprising senior staff including industry specialists with skills and experience specific to the businesses within the funds’ portfolio. The Management Committee is supported by Macquarie Capital Funds staff working in sector-based teams such as Airports, Toll roads, Communications etc. Additional teams of professional staff oversee specific functions including legal, company secretarial, compliance, finance, taxation, corporate communications and investor relations. An Advisory Panel, a consultative body made up of individuals with experience in areas that fall into the funds’ investment focus, provides advice to the Manager from time to time on a range of industry sub-sectors and European jurisdictions. The role of the Advisory Panel is to:
An Investors’ Prudential Review Committee (IPRC), comprised of a number of the funds’ major investors, provides a forum for communication with the Manager and to approve certain matters. The role of the IPRC includes:
Macquarie Capital’s European funds are managed by Macquarie Capital Funds (Europe) Limited (MCFEL). MCFEL is a wholly-owned member of the Macquarie Group, and is authorised and regulated by the Financial Services Authority under the UK Financial Services and Markets Act 2000. MCFEL is resourced by executives of Macquarie Capital Funds. Its Directors are: Andrew Hunter As manager of Macquarie’s European funds, MCFEL’s role includes:
Non-European based fundsMacquarie and its joint venture partners offer both institutional and private investors the opportunity to access infrastructure and other investments via the following listed and unlisted investment vehicles. Listed infrastructure and real estate vehicles
Unlisted infrastructure funds
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| Important Information
© 2002-2010 Macquarie Group |
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Other than Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
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