Macquarie raises €6bn for sixth European infrastructure fund

Macquarie Infrastructure and Real Assets (MIRA) has raised €6bn for its sixth European infrastructure fund, exceeded the initial €5bn target it set for the fund.

The manager said Macquarie European Infrastructure Fund 6 (MEIF6) received capital commitments from a combination of existing clients as well as new clients including a number from new jurisdictions.

The investor base is made up of pension funds, insurers and sovereign wealth funds, MIRA said.

As previously reported, Teachers’ Retirement System of the State of Illinois approved a €200m commitment to the MEIF6 fund.

“This diverse investor base sees the majority of capital originating from European investors in addition to a significant portion from the Asia-Pacific, demonstrating the growing global demand for alternatives,” MIRA said.

MEIF6 will target a pipeline of European infrastructure assets which occupy a strategic competitive advantage in their respective sectors, including utilities, transportation, communications infrastructure and renewables.

Leigh Harrison, head of MIRA, EMEA, said: “The mix of commitments from both new and returning clients, as well as the geographical diversity of our investor base, demonstrates the strength of this approach and the continued, growing interest from long-term capital to invest in this sector.”

The latest fundraise brings MIRA’s total global fundraising to around €13bn in just over a year following the close of MIRA’s other flagship regional funds including Macquarie Asia Infrastructure Fund 2 and the North American infrastructure fund Macquarie Infrastructure Partners IV in April and December 2018 respectively.

 

 

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