Macquarie Asset Management (MAM) has raised a further £770m (€874m) for its infrastruture debt platform.
It said Macquarie Infrastructure Debt Investment Solutions (MIDIS) had become particularly attractive to UK pension schemes looking to match liabilities.
The company has now raised £4.5bn since it created MIDIS in 2012.
The new capital includes separate accounts and an £80m first close of for its second UK inflation-linked infrastructure debt fund, MIDF2.
Andrew Robertson, co-head of MIDIS, said: “As rising inflation continues to threaten the solvency of UK pension schemes, a growing number of scheme trustees and consultants are capitalising on UK inflation-linked infrastructure debt as a more economic means of matching inflation-linked liabilities.”
MIDIS has made a number of investments this year, including a £100m long-term fixed and index-linked debt refinancing of 21 solar plants in the UK for NextEnergy Solar Fund, and the £377m part-financing of the acquisition by the Quad Gas Group consortium of National Grid’s gas distribution business.
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