Macquarie director returns after 10-year hiatus

Phil Peters has joined MIRA with the firm on the infrastructure fundraising trail in both the US and Asia.

Macquarie Infrastructure and Real Assets has hired Phil Peters as executive director and global head of the investor solutions group, more than 10 years after he left Macquarie Group.

Peters will be responsible for investor client management across MIRA’s unlisted funds, while he will also be expected to develop new strategies across the real assets space. The MIRA team has raised more than A$20 billion ($16 billion; €13.4 billion) over the past two years from institutional investors worldwide, according to Macquarie.

It raised more than $3.3 billion last month for its US-focused Macquarie Infrastructure Partners IV, a fund believed to be heading for a close on between $3.5 billion and $4 billion. MIRA also received a $300 million cornerstone investment last month from Alberta Investment Management Corporation for its second Asian infrastructure vehicle.

Peters initially worked as a division director in the Macquarie Group from 2002 to 2007 before departing to become head of infrastructure at Australian investment firm Challenger, overseeing deals including Challenger’s role in the £4.2 billion ($5.6 billion; €4.7 billion) acquisition of Southern Water in 2007.

He became head of Challenger Investment Partners in 2012 until the end of 2014, during which time Challenger and Access Capital Advisers created Whitehelm Capital. Peters has spent most of the past three years as managing director of the Challenger-owned Fidante Partners.

“He will play a key role in helping to further realise our strategy of expanding and diversifying our private funds business into real estate, renewables, energy and agriculture,” said Martin Stanley, global head of MIRA.

Peters will begin his tenure at the beginning of next month and will report to Stanley.