Infrastructure debt

Financing critical infrastructure the world depends on, providing capital to the essential assets that support daily life.

$US 161 b+

AUM across our global credit and insurance platform1

300 +

Infrastructure debt transactions across 31 countries2

20 +

Years investing in infrastructure debt3

We have financed, built and operated essential infrastructure businesses around the world for over three decades. This deep heritage sits at the heart of our infrastructure debt platform – giving us proprietary deal access, sector knowledge and underwriting expertise that few lenders can match.

As banks have retrenched from long-duration infrastructure financing, private lenders have stepped in to fill the gap. We are at the forefront of that shift, acting as lead or sole lender on bilateral, differentiated transactions across digital infrastructure, energy, transport and utilities.

 

An introduction to private infrastructure debt

For years, institutional investors have turned to infrastructure debt for its historically defensive credit profile, including lower default rates and higher recovery rates than many other areas of corporate credit. That's the foundation. Now, this opportunity is available to individual investors for the first time.

Private Toll Road

USA | Transportation

Financing for a 41-mile toll road forming part of a 90-mile bypass connecting two major interstate highways in the southern US, operated under a long-term public-private concession. The road benefits from an established operating history, usage-based revenues and limited alternative routes, with toll collection administered by the state transport authority and remitted to the project, supporting long-term visibility of cash flows.

Combined-Cycle Gas Turbine Plant

USA | Power

A structured senior secured facility supporting the development of a 1.2GW combined-cycle gas turbine plant near Austin, Texas. As sole lender, we secured the financing against high-value equipment collateral and built multiple repayment pathways and downside protections into the structure. When a change-of-control event triggered early repayment, those protections helped support the return of capital ahead of schedule.


Opportunity

The $US150+ trillion infrastructure financing gap

Growing infrastructure investment needs4 are creating sustained demand for long-term capital. Learn how infrastructure debt is helping finance essential assets around the world.



Images are for illustrative purposes and do not represent specific assets

  1. As at March 2026, Source: Macquarie Internal Analysis

  2. As at March 2026. Comprises infrastructure debt investments made across multiple teams within MAM Credit.

  3. MAM's private credit division has been investing in infrastructure debt since 2005.

  4. PwC, ‘Global Infrastructure Outlook 2025–50: Investing in infrastructure, the platform for accelerating human progress’, 2026

 

Macquarie Asset management is a leading global asset manager offering a diverse range of investment solutions, including real assets, real estate, and credit.

 

This information is a general description of Macquarie Asset management only. The views expressed in this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

 

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

 

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

 

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this website is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia).  The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank.  Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities.  In addition, if this website relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

 

Additional important information (including regional disclosures)

 

[3246420]