Macquarie Asset Management’s inaugural infrastructure secondaries fund has raised $711m (€819.7m) in its final close.
The manager said the Macquarie Alliance Partners Infrastructure Fund (MAPIF) raised the equity from a diversified investor group spanning pension funds, family offices and insurance companies across EMEA, APAC and the Americas.
MAPIF – which targets high-quality assets, sectors and fund managers – leverages Macquarie’s decades of extensive infrastructure investment experience to apply a specialist approach to infrastructure secondaries investing, as opposed to a common generalist approach in secondaries.
Wandy Hoh, head of secondaries for Macquarie Asset Management, said: “While our clients remain focused on allocating capital to infrastructure, liquidity and j-curve mitigation have become increasingly desirable [for limited partners, and general partners are also seeking liquidity solutions for their investors].
“We are grateful for the confidence that MAPIF investors have placed in us, which recognises Macquarie Asset Management’s decades of extensive infrastructure investment experience and the ability to bring new solutions to market.”
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