London, 19 June 2019
Macquarie Infrastructure and Real Assets (“MIRA”) today announced the final close of Macquarie European Infrastructure Fund 6 (“MEIF6”) with €6 billion committed – exceeding its initial target of €5 billion.
This brings MIRA’s total global fundraising to approximately €13 billion in just over a year1following the successful close of MIRA’s other flagship regional funds including Macquarie Asia Infrastructure Fund 2 and Macquarie Infrastructure Partners IV in April and December 2018.
With a total re-up rate of 65 per cent, MEIF6 comprises a combination of existing clients as well as new clients including a number from new jurisdictions. The investor base is made up of pension funds, insurers and sovereign wealth funds. This diverse investor base sees the majority of capital originating from European investors in addition to a significant portion from the Asia-Pacific, demonstrating the growing global demand for alternatives.
Consistent with MIRA’s five predecessor European infrastructure funds, MEIF6 will seek to deploy capital into a long-term portfolio of diversified infrastructure assets which aim to deliver sustainable, predictable and inflation-linked cash flows.
The fund will target a pipeline of European infrastructure assets which occupy a strategic competitive advantage in their respective sectors, including utilities, transportation, communications infrastructure and renewables.
Leigh Harrison, Head of MIRA, EMEA: “We are delighted that our proven track record of raising and successfully deploying capital has enabled us to reach the hard cap for the sixth vintage of our pan-European infrastructure fund series.
Since the launch of our first European fund in 2004 we have paired long-term institutional capital with deep operational expertise to help build stronger and more sustainable infrastructure businesses for the communities in which we operate.
The mix of commitments from both new and returning clients, as well as the geographical diversity of our investor base, demonstrates the strength of this approach and the continued, growing interest from long-term capital to invest in this sector.”