Macquarie Asset Management, an asset manager owned by Macquarie Group, has concluded the closing of Macquarie Infrastructure Partners VI (MIP VI), with total commitments surpassing $8bn.
This figure includes over $6.8bn in fund commitments and an additional $1.3bn closed and funded for co-investments within MIP VI portfolio companies. The co-investment figure is anticipated to rise, building on approximately $8bn of closed co-investments from three previous MIP series, said the company.
The Macquarie Infrastructure Partners series is a line of unlisted infrastructure funds focusing on the Americas under Macquarie Asset Management.
MIP VI maintains the investment strategy and methodology characteristic of the MIP platform, which holds the longest record for infrastructure management investments in the Americas, spanning over 22 years. This history encompasses more than 55 portfolio company investments and 26 realisations.
Targeting high-quality assets, MIP VI invests primarily in sectors such as transportation, digital infrastructure, utilities and energy, and waste infrastructure. Its current portfolio includes Diamond Infrastructure Solutions, SwyftFiber, TraPac Terminals, Montreal Metropolitan Airport, and Coastal Waste & Recycling.
MIP VI has garnered commitments from a diverse array of investors globally, including public and private pension plans, insurance firms, sovereign wealth funds, and investment managers.
The fund received backing from its existing investors, with over 70% of commitments coming from those previously engaged with Macquarie Asset Management’s Real Assets division. Half of the fund’s commitments originate from North American investors, marking the highest percentage sourced from this region among any MIP vintage.
Macquarie Infrastructure Partners CEO Karl Kuchel said: “Our clients remain focused on allocating to infrastructure, due to the sector’s ability to deliver stable returns as well as provide inflation protection and portfolio diversification benefits.
“We greatly appreciate investors’ ongoing support, which recognizes our team’s sector expertise, long-standing experience, and operational capabilities. This allows MIP to continue to access and develop a broad range of high-quality investment opportunities, partner with management teams, support portfolio company growth and create long-term value for our investors.”
Macquarie Asset Management has been one of the major players in infrastructure investment. Its Real Assets division manages approximately $209.9bn across infrastructure, green investments, and natural assets platforms.
