Macquarie Asset Management has raised more than $4.2bn (€3.9bn) in the final close of its third Asia-Pacific regional infrastructure fund.

Investor commitments for Macquarie Asia-Pacific Infrastructure Fund 3 exceeded the fund’s target by $1.2bn

Frank Kwok, head of Macquarie Asset Management’s real assets business in Asia-Pacific, said returning and new investors supported the fundraising.

“The infrastructure markets across Asia-Pacific have been maturing at a particularly fast rate, and our clients continue to value the investment merits brought by infrastructure.”

“Leveraging our local relationships and experience in managing funds in Asia-Pacific, we remain focused on identifying proprietary investment opportunities through our own network for our clients,” said Verena Lim, head of investments for the Macquarie Asia-Pacific Infrastructure Fund series.

The fund has already committed more than $2.4bn, alongside co-investments, totalling $3bn, across 7 locally sourced investments in six countries. These include Bohao Internet Data Services and Metcold Supply Networks in China, Summit Energy Alliance in South Korea, Bersama Digital Infrastructure in Indonesia, Vocus Group and Bingo Industries in Australia and 2degrees in New Zealand.

To read the latest edition of the latest IPE Real Assets magazine click here.