Macquarie plots Nordics push with new MD hire – exclusive

Philip Mikkelsen’s arrival from DWS to boost institutional investor coverage is part of a wider growth plan for the region.

Macquarie Infrastructure and Real Assets has hired Philip Mikkelsen as a managing director in its investor solutions group, Infrastructure Investor understands.

Mikkelsen will begin his role next month, joining from his position as a director at DWS. Copenhagen-based Mikkelsen will be responsible for leading MIRA’s coverage of Nordic institutional investors and his appointment is believed to be part of a wider effort in the region that will be supplemented by further hires in the near future.

Macquarie declined to comment on the appointment.

Mikkelsen’s work within the investor solutions group will be focused on fund formation, capital-raising, investor relations and co-investment opportunities, sources told Infrastructure Investor. Macquarie’s exposure in the region grew this year when its Macquarie European Infrastructure Fund 5 teamed up with Danish pensions PFA, PKA and ATP for a DKr40.3 billion ($6.4 billion; €5.4 billion) deal for local telecoms firm TDC.

The move followed a €3.5 billion deal at the end of last year in which MIRA partnered Allianz and state pension fund Valtion Eläkerahasto to buy Finnish electricity distribution company Elenia through its Super Core Infrastructure Fund. An understanding last year though to invest in Swedish rail group Inlandsbanan ultimately fell through.

MIRA is currently in the early stages of fundraising for its sixth European infrastructure vehicle, while it is also expected to begin fundraising for the second series of its super-core fund either at the end of this year or the beginning of next. A €125 million investment from Swedish insurance group Folksam was one of about 40 to bring the first series to a €2.5 billion close in July.