Private markets have grown to become an established part of many institutional investor portfolios. Today, the asset class is a major part of the investment landscape and the investment options are diverse – from corporate expansion and restructuring plans to venture capital, private lending, real estate, natural resources investments, and various forms of infrastructure equity.
The increasing appetite for unlisted infrastructure
Infrastructure has been growing in popularity in recent years, with unlisted infrastructure funds raising a record $US239 billion of capital in 2022.1
As with most private markets investments, unlisted infrastructure has long been an area of the investment world that has typically been off limits to high-net-worth investors and traditionally reserved for institutional investors. However, several trends are helping to democratise access to unlisted infrastructure investments and a broader segment of individual investors are now able to consider whether – and how – to add unlisted infrastructure investments to a portfolio.
What is infrastructure?
Infrastructure assets are large, physical assets that provide essential services to communities around the world. These assets typically have long-operational lives; stable cash flows; and operate in markets with high barriers to entry.
Utilities & Energy
- Electric, gas, water utilities
- Contracted Power
Transportation
- Roads, rails, ports, airports
Renewables
- Wind, solar, energy storage
Digital & Communications
- Tower, fibre, data centers, registries
Constructed Infrastructure
- Vertically integrated waste
- Waste-to-energy
Infrastructure has been a stable asset class typically underpinned by strong economic fundamentals.
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Access to the no. 1 infrastructure manager globally2
The Macquarie Private Infrastructure Fund (Fund) has been established to offer wholesale Australian investors the opportunity to invest in institutional grade infrastructure, via a single point of entry to Macquarie Asset Management’s global infrastructure platform. The Fund provides exposure to core and core-plus infrastructure, diversified by fund vintage, geography, sector and revenue driver.
Below are some of the underlying assets which the Fund has exposure to3:
Aligned Data Centers
Digital & Communications, USA
ElectraNet
Utilities & Energy, Australia
Summit Energy Alliance Limited
Renewable Energy, Korea
Port of Newcastle
Transportation, Australia
Perth Airport
Transportation, Australia
Bersama Digital Infrastructure
Digital & Communications, Indonesia
LRS
Contracted Infrastructure, USA
VIRTUS Data Centres
Digital & Communications, UK
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Macquarie Private Infrastructure Fund
Seeking attractive long-term returns from high quality global infrastructure assets.
Macquarie Energy Transition Infrastructure Fund
Seeking to create value by building, developing and operating companies in the energy transition sector.
1. Preqin database (June 2022).
2. IPE Real Assets Top 100 Infrastructure Investment Managers 2023, published in July/August 2023.
3. The Fund has exposure to these assets as at 31 December 2023. The Fund may no longer have access to the assets listed at the date of your access of this website. Only a sample of assets have been selected and this list does not represent the full asset exposure of the Fund.
This information has been prepared by Macquarie Specialist Investment Management Limited (ABN 84 086 438 995 AFSL 229916) the issuer of units in the Fund(s) referred to above. The Fund(s) referred to above is only open to investment by wholesale clients (as defined in section 761G of the Corporations Act). The Fund(s) is not offered in the United States or to any US Persons. The information on this page is general information only and does not take account of the investment objectives, financial situation or needs of any person. It should not be relied upon in determining whether to invest in the Fund. In deciding whether to acquire or continue to hold an investment in the Fund(s), an investor should consider the Fund's information memorandum. The information memorandum is available by contacting us on 1800 814 523. This information is intended for recipients in Australia only.
Nothing in this document constitutes a recommendation to buy, sell or hold any financial product, security or instrument.
Future results are impossible to predict. This document contains opinions, conclusions, estimates and other forward-looking statements which are, by their very nature, subject to various risks and uncertainties. Actual events or results may differ materially, positively or negatively, from those reflected or contemplated in such forward-looking statements.
Past performance information shown herein, is not a reliable indicator of future performance. No representation or warranty, express or implied, is made as to the suitability, accuracy, currency or completeness of the information, opinions and conclusions contained in this document. In preparing this document, reliance has been placed, without independent verification, on the accuracy and completeness of information available from external sources. To the maximum extent permitted by law, no member of the Macquarie Group nor its directors, employees or agents accept any liability for any loss arising from the use of this document, its contents or otherwise arising in connection with it.