Macquarie AM raises largest European infra fund

Macquarie Asset Management has raised the industry’s largest European infrastructure fund to date, according to the firm, following a more than €8 billion fund raise.

Over 100 pension funds and other investors have placed money with the Macquarie European Infrastructure Fund 7 (MEIF7).

The firm said that around 92% of commitments came from investors who have previously invested with the firm and 24 investors new to the firm.

MEIF7 is the seventh vintage of Macquarie Asset Management’s European Infrastructure Fund and was raised with a target size of €7-8 billion.

The strategy targets infrastructure companies linked to decarbonisation, digitalisation, the circular economy and demographic shifts.

MEIF7 has already committed capital across three investments in the digital, transport and utilities sectors comprising of VIRTUS Data Centres, Best in Parking and Last Mile Infrastructure Group.

Adam Lygoe, head of institutional and international wealth distribution at Macquarie AM, said: “Despite an uncertain macroeconomic environment, we have continued to strengthen and broaden our relationships with clients by providing compelling solutions to help meet their investment objectives.”

Macquarie AM manages approximately €170 billion across its infrastructure, green investments, and natural assets platforms.

© 2024 funds europe

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