Macquarie Asset Management announced that over €8 billion has been committed to Macquarie European Infrastructure Fund 7 (MEIF7) upon the fund’s Final Close, making MEIF7 the industry’s largest-ever fund focused on European infrastructure.
MEIF7 has reached Final Close in December 2023, having attracted commitments from over 100 pension funds, insurance companies, sovereign wealth funds, asset managers and fund of fund investors. About 92% of commitments was from investors who have previously invested with Macquarie Asset Management. The strategy also attracted commitments from 24 investors new to the Macquarie Asset Management platform.
MEIF7 is the seventh vintage of Macquarie Asset Management’s successful European Infrastructure Fund series and it was raised with a target size of €7-8 billion. This strategy aims to create a diversified portfolio targeting infrastructure companies aligned to the key investment themes of decarbonisation, digitalisation, and circular economy and demographic shifts. And 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.
MEIF7’s Final Close brings capital managed under the Macquarie European Infrastructure Fund series to about €30 billion. And Since 2021, Macquarie Asset Management’s infrastructure equity strategies have globally raised an aggregate total of approximately €39 billion.
Macquarie Asset Management is the world’s largest infrastructure manager and it manages approximately €170 billion across its infrastructure, green investments, and natural assets platforms. And Macquarie Asset Management’s Real Assets portfolio spans more than 170 companies and over 105 GW of green energy assets in construction, operations or development.
KEY QUOTES:
“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. We would like to thank our investment partners for the trust they have placed in us.”
– Adam Lygoe, Head of Institutional and International Wealth Distribution at Macquarie Asset Management
“Continual investment is needed to develop the infrastructure that provides essential services to communities. The closing of our seventh European infrastructure fund enables us to play a meaningful role in helping meet that need, as we seek to deliver positive impact across EMEA. We have a strong pipeline of investment opportunities and have already begun to establish a robust and diverse portfolio with three investments by the fund to date. We look forward to building on this strong foundation as we continue to deploy in the coming years.”
– Martin Bradley, Head of Infrastructure for Macquarie Asset Management in EMEA
