Three weeks after closing its acquisition of asset management firm Delaware Investments, Macquarie Group has launched its first joint investment product with Delaware: a mutual fund for infrastructure.
The Delaware Macquarie Global Infrastructure Fund will invest globally in securities issued by companies that own and operate infrastructure assets, with the exception of Macquarie-managed entities such as New York Stock Exchange-listed Macquarie Infrastructure Company.
It is the first joint investment product Macquarie has launched with Delaware since it acquired the Philadelphia-based asset management from Lincoln Financial in a $452 million cash deal. The deal added $130 billion to Macquarie’s total assets under management, which stands at $319 billion across all its investment platforms.
Macquarie has previously launched two similar investment products for infrastructure in the US, the New York Stock Exchange-listed Macquarie Global Infrastructure Total Return Fund and the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund.
Macquarie Funds Group, the asset management arm of Macquarie Group, will be responsible for the management of the Delaware Macquarie Global Infrastructure Fund’s assets.
Macquarie launches mutual fund for infrastructure
Delaware Macquarie Global Infrastructure Fund will invest globally in securities issued by companies that own and operate infrastructure assets, with the exception of Macquarie-managed entities.