London, 22 January 2024
Macquarie Asset Management has announced that over €8 billion has been committed to Macquarie European Infrastructure Fund 7 (MEIF7) upon the fund’s Final Close, making MEIF7 the industry’s largest-ever fund focused on European infrastructure.1
MEIF7 reached Final Close in December 2023, having attracted commitments from more than 100 pension funds, insurance companies, sovereign wealth funds, asset managers and fund of fund investors. Approximately 92 per cent of commitments came from investors who have previously invested with Macquarie Asset Management. The strategy also attracted commitments from 24 investors new to the Macquarie Asset Management platform.
MEIF7 is the seventh vintage of Macquarie Asset Management’s successful European Infrastructure Fund series and was raised with a target size of €7-8 billion. The strategy aims to create a diversified portfolio targeting infrastructure companies aligned to the key investment themes of decarbonisation, digitalisation, the circular economy and demographic shifts. MEIF7 has already committed capital across three investments in the digital, transport and utilities sectors comprising of VIRTUS Data Centres, Best in Parking and Last Mile Infrastructure Group.
Adam Lygoe, Head of Institutional and International Wealth Distribution at Macquarie Asset Management, said: “Despite an uncertain macroeconomic environment, we have continued to strengthen and broaden our relationships with clients by providing compelling solutions to help meet their investment objectives. We would like to thank our investment partners for the trust they have placed in us.”
Martin Bradley, Head of Infrastructure for Macquarie Asset Management in EMEA, said: “Continual investment is needed to develop the infrastructure that provides essential services to communities. The closing of our seventh European infrastructure fund enables us to play a meaningful role in helping meet that need, as we seek to deliver positive impact across EMEA. We have a strong pipeline of investment opportunities and have already begun to establish a robust and diverse portfolio with three investments by the fund to date. We look forward to building on this strong foundation as we continue to deploy in the coming years.”
MEIF7’s Final Close brings capital managed under the Macquarie European Infrastructure Fund series to approximately €30 billion. Since 2021, Macquarie Asset Management’s infrastructure equity strategies have globally raised an aggregate total of approximately €39 billion2.
Macquarie Asset Management is the world’s largest infrastructure manager.3 It manages approximately €170 billion across its infrastructure, green investments, and natural assets platforms. Macquarie Asset Management’s Real Assets portfolio spans more than 170 companies and over 105 GW of green energy assets in construction, operations or development.4