Macquarie Infrastructure Debt Fund (UK Inflation Linked)
The Macquarie Infrastructure Debt Fund (UK) was launched in March 2014 and is now in the latter stages of deployment, following its successful £829 million final close.
In April 2016 Macquarie Infrastructure Debt Investment Solutions (MIDIS) launched its second fund, mandated to invest in UK inflation-linked infrastructure debt, targeted at UK pension schemes seeking to invest to match their long-dated inflation-linked liabilities.
Key fund terms are outlined below:
|Asset class||Inflation-linked loans and notes in UK infrastructure projects and assets|
|Strategy||Buy and hold long-dated investment grade infrastructure debt for UK pension funds|
|Credit rating||Investment grade (internally rated)|
|Maturity||10 to 45 year legal maturities|
|Diversification||Minimum investment £10 million
Diversification by industry sector
|Industry sector||– Social infrastructure and other PPP
– Transportation (non-PPP)
– Power (contracted and renewables)
– Other (telecommunications, storage, waste disposal)