Macquarie Asset Management raises US$4.2b for Asia-Pacific fund

MACQUARIE Asset Management, a part of Australia’s Macquarie Group, said on Tuesday (May 31) it had raised US$4.2 billion for its third fund dedicated towards Asia-Pacific regional infrastructure, much beyond its US$3 billion target.

The fund, which was launched in 2020, received the commitments from a diverse range of returning and new institutional investors, including pension funds, insurance companies and sovereign wealth funds, Macquarie said.

“The infrastructure markets across Asia-Pacific have been maturing at a particularly fast rate, and our clients continue to value the investment merits brought by infrastructure,” said Frank Kwok, head of Macquarie Asset Management’s real assets business in Asia-Pacific.

The latest fundraise brings the total capital managed dedicated to investing in Asia-Pacific infrastructure to over US$15 billion, of which more than US$2.4 billion has already been successfully committed across 7 locally-sourced investments, with an additional US$3 billion in co-investments.

“The positive long-term outlook for the region will continue to drive demand for high-quality infrastructure,” said Verena Lim, head of Investments for the Macquarie Asia-Pacific Infrastructure Fund series.

Last year, Macquarie’s asset management unit had raised US$6.9 billion for its fund dedicated to investing in North American infrastructure as US lawmakers negotiated a plan to spend US$1.2 trillion over 5 years on public works projects. REUTERS