Macquarie launches infrastructure debt platform wins us $500m mandate
London, 28 November 2012
Macquarie Group announces today that it has been awarded a mandate to establish and manage an infrastructure debt portfolio for the leading global reinsurance and insurance provider, Swiss Re. The US$500 million
mandate is the first to be secured by the new Macquarie Infrastructure Debt Investment Solutions (MIDIS) business.
MIDIS will deliver infrastructure debt investment opportunities to long-term institutional investors, underpinned by Macquarie’s position as the world’s leading infrastructure specialist, with over 20 years at the forefront of infrastructure advice and investment. The portfolio will be invested in senior secured debt of infrastructure businesses and assets located predominantly in northern Europe.
James Wilson, Senior Managing Director and CEO of MIDIS, said: “The launch of the MIDIS platform will leverage Macquarie’s unrivalled global infrastructure expertise and relationships and provide long-term investors the opportunity to access stable and superior risk-adjusted returns. It is an asset class which lends itself well to insurance companies and pension funds seeking robust long-dated assets to match their long-term liabilities. We are delighted to work together with Swiss Re to manage its infrastructure debt investment and we look forward to a successful partnership.”
Klaus Weber, Managing Director and Head of External Investment Mandates of Swiss Re, said: "We expect the market to evolve substantially over the next few years and are excited to participate in this development. With its particular characteristics, infrastructure debt fits well with our asset and liability management approach and provides attractive long-term investments, well aligned with our prudent investment strategy. We are delighted to work with Macquarie in what is an important initiative for us and are confident it will give us access to high quality assets and deliver favourable risk adjusted returns."
Corporate Communications, Macquarie Group
Direct line: +44 (0) 20 3037 2311
Macquarie Group is a leading provider of banking, financial, advisory, investment and funds management services. Our global operations include offices in the world's
major financial centres. Founded in 1969, Macquarie employs more than 13,400
people in 28 countries. Macquarie Infrastructure Debt Investment Solutions (MIDIS) is part of the Macquarie Funds Group, a global asset management business with over €272 billion of assets under management. MIDIS offers infrastructure debt investment opportunities to institutional investors such as pension funds and insurers seeking exposure to highquality,
long-term infrastructure debt at attractive yields.
All figures as at 30 September 2012.
The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and
other insurance-based forms of risk transfer. Dealing direct and working through
brokers, its global client base consists of insurance companies, mid-to-large-sized
corporations and public sector clients. From standard products to tailor-made
coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of over 60 offices globally and is rated "AA" by Standard & Poor's, "A1" by Moody's and "A+" by A.M. Best