MIRA closes second Asian regional infrastructure fund at $US3.3 billion hard cap
Singapore, 03 Apr 2018
- Macquarie Infrastructure and Real Assets (MIRA) has closed its second Asian regional infrastructure fund with $US3.3 billion in investor commitments1
- Brings MIRA’s global fundraising to $US24 billion over the past two years2
Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the close of its second Asian regional infrastructure fund at its hard cap of $US3.3 billion in investor commitments. This brings MIRA’s global fundraising to $US24 billion in the past two years.
More than $US1.7 billion of Macquarie Asia Infrastructure Fund 2 (MAIF2) capital has already been committed across toll roads, renewables and petrochemical storage assets in India, the Philippines, Singapore and China.
The close of MAIF2 follows the success of its predecessor fund, MAIF1 which closed in early 2016, and is now fully deployed across seven countries in Asia-Pacific.
"The fundraising achieved for MAIF2 demonstrates our ability to create compelling opportunities for our partners and clients over the long-term.
"Our success in Asia has been driven by our approach of building strong local teams on the ground, with the necessary knowledge and skills to successfully execute investments and manage assets in those markets," said Martin Stanley, Global Head of MIRA.
"The Asian infrastructure market is maturing and continues to provide attractive investment opportunities across diverse sectors. The Fund’s regional mandate allows us to capitalise on these opportunities across geographies, thereby optimising the overall risk-return position," said David Luboff, CEO of MAIF Fund Series.
MAIF2 has attracted commitments from a diverse group of returning and new investors across Asia-Pacific, North America, Middle East and Europe.
MIRA has been investing in infrastructure in the region since 1994 where it currently manages over 50 infrastructure assets. MIRA managed funds have more than $US21 billion3 of assets under management in Asia-Pacific across the infrastructure, real estate, agriculture and energy sectors.
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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.
As at 31 December 2017, MIRA has assets under management of more than $US111 billion invested in 138 portfolio businesses, ~300 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.
1. Equity under management
2. FY17 - FY18 YTD
3. Assets under management (AUM) 31 December 2017