Macquarie Infrastructure and Real Assets raises $3bn

The MIRA is expecting a final close in the first half of 2018.

Macquarie Infrastructure and Real Assets held a first close for its Macquarie Asia Infrastructure Fund II on $3 billion. The firm set a $3.25 billion target for the fund and began fundraising this year.

The fund received commitments from Alberta Investment Management Corporation.

The firm will use the capital to make investment in a diversify number of infrastructure assets across Asia-Pacific.