London, 08 September 2016
Macquarie Infrastructure and Real Assets (MIRA) today announced the first and final close of its latest infrastructure fund – Macquarie European Infrastructure Fund 5 (MEIF5). The fund closed with €4 billion of investor commitments within eight months of its launch and was significantly oversubscribed.
"A first and final close of MEIF5 shows the continued commitment of our clients to our disciplined, long-term approach to infrastructure investment. We’d like to thank returning and new investors for their support for and trust in MIRA’s platform, team and our approach to managing their investments,” said Martin Stanley, Global Head of MIRA.
The €4 billion ($US4.5 billion) committed to MEIF5 takes MIRA global fund raising to $US29 billion in the past five years, including a North American infrastructure fund and a Pan-Asian infrastructure fund, both of which were oversubscribed and are now substantially committed. Over this period, MIRA has returned more than $US21 billion in capital and distributions to investors in its funds around the world.
“MIRA has successfully deployed capital in a highly competitive market, focusing on proprietary opportunities, often seeing opportunity in more complex situations. The new fund has a well developed pipeline of prospective investments and expects to commence deployment of capital in the near term,” added Mr Stanley.
The investment strategy for MEIF5 is consistent with that deployed successfully for MIRA’s predecessor European infrastructure funds, focused on investment opportunities in utilities, transportation, communications infrastructure and renewable energy throughout the region. MEIF5’s investment capacity will also be supported by significant limited partner co-investment commitments.
MIRA currently manages 130 portfolio businesses globally, with €92 billion ($US104 billion) of assets under management.1