Macquarie Super Core Infrastructure Fund Series 1 closes with €2.5 billion of investor commitments
London, 09 Jul 2018
- Macquarie Infrastructure and Real Assets announces final close of Macquarie Super Core Infrastructure Fund Series 1, with €2.5 billion of investor commitments.
- New strategy developed in partnership with investors to target investments in core regulated assets through a long-term, yield focused vehicle.
- Macquarie Infrastructure and Real Assets has attracted more than €34 billion in commitments from investors over the past five years.
Macquarie Infrastructure and Real Assets (“MIRA”) today announced the final close of Macquarie Super Core Infrastructure Fund (“MSCIF”) Series 1 with €2.5 billion committed by investors – exceeding its initial minimum target of €1.5 billion.
The new fund has been developed in partnership with investors to complement MIRA’s existing European infrastructure funds, targeting investments in core regulated assets through a long-term, yield-focused vehicle.
“Our clients continue to recognise the value presented by investing in the infrastructure that underpins the ongoing development of our economies and communities” said Martin Stanley, Global Head of MIRA.
“The successful fundraising we’ve achieved for MSCIF reflects the close partnership we’ve built with our investors over a number of years, and we would like to thank them for their ongoing support.”
MSCIF attracted commitments from a globally diverse group of new and returning investors to the MIRA platform, including public and private pension plans, insurance companies, corporations, and sovereign wealth funds.
MSCIF has already committed ~60% of its capital to investments in Cadent Gas in the United Kingdom, and Elenia Oy in Finland. The two seed assets will provide diversified exposure for the fund across the regulated gas and electricity distribution sectors.
“Our local teams have already been successful in sourcing attractive opportunities to deploy the capital of our investors, and our asset managers are working closely with those businesses to support further investment in their networks and services for customers” said Leigh Harrison, Head of MIRA EMEA.
“MSCIF is supported by a robust pipeline of potential investments, and represents a significant opportunity to build on our leadership position in the regulated assets sector”.
The final close of MSCIF Series 1 builds on the fundraising momentum experienced across the MIRA platform over the past five years, with more than €34 billion in new commitments raised from investors.
During the same period, MIRA has returned more than more than €20 billion in capital and distributions to investors in its funds around the world.
MSCIF is structured to be able to grow over time as further assets are acquired into the fund through further series fundraisings.
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About Macquarie Infrastructure and Real Assets (MIRA)
More than 20 years ago Macquarie Infrastructure and Real Assets (MIRA) pioneered investment in a new asset class for institutional investors – infrastructure.
Today we combine two decades of experience and expertise to identify and unlock investment opportunities in the assets that people use every day – extending beyond infrastructure to real estate, agriculture and energy.
Managing investments that underpin economies and communities requires a careful balance of local knowledge, experience and foresight to create enduring value.
Our dedicated operational and financial experts in each region work closely with our global network to help our clients to see across the regions and deep into local markets, working where our funds invest and portfolio companies operate.
As at 31 March 2018, MIRA has assets under management of more than €96.9 billion invested in 148 portfolio businesses, ~330 properties and 4.5m hectares of farmland. MIRA is a division of Macquarie Asset Management, the asset management arm of Macquarie Group, a diversified financial group providing clients with asset management, banking, advisory and risk and capital solutions across debt, equity and commodities.
IMPORTANT NOTICE: This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Whilst no public offering of interests in Macquarie Super Core Infrastructure Fund is intended, any public offering of securities made in the United States that does occur will be made by means of a prospectus that may be obtained from Macquarie Infrastructure and Real Assets (Europe) Limited which will contain detailed information about Macquarie Super Core Infrastructure Fund and its management, as well as relevant financial statements and information.
Past performance is not a reliable indicator of future results.