Macquarie raises $7bn for Americas infrastructure fund

Macquarie Asset Management has secured US$6.9bn (€5.8bn) in new funding for Macquarie Infrastructure Partners V (MIP V), the firm’s sixth Americas core and core-plus infrastructure fund.

According to the asset management firm, the funds raised crossed the US$5bn goal initially set. This is similar to what happened in 2019 when the fourth edition of the fund which had a US$3.5bn closed at US$5bn.

As revealed in a recent publication, the North Dakota State Investment Board confirmed approving a $100m commitment to the MIP V fund. New Mexico State Investment Council earmarked the same amount for an investment in the fund.

Macquarie has indicated that the fund will focus on investing in luxury infrastructure assets in the communication, energy, transportation, utilities, and waste management sectors.

Leigh Harrison, the global head of the firm’s infrastructure and renewables team, said: “We greatly appreciate investors’ strong support for MIP V as part of our broader global infrastructure platform. We remain focused on delivering for our investors and ensuring that we manage investments responsibly and sustainably for the benefit of all stakeholders.”

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