London-based Macquarie Infrastructure and Real Assets has appointed Anna Elmfeldt as managing director and head of Nordics, a position the firm created as it seeks to expand its presence in the region.
According to a statement, Elmfeldt will be responsible for identifying new investment opportunities in the Nordics for MIRA’s infrastructure and real asset funds. She will also oversee asset management activities and engagement with stakeholders across the region.
Elmfeldt joins MIRA from PwC, where she was most recently head of energy, utilities and resources. That role included leading PwC’s infrastructure deals team and overseeing privatisation processes. She will be based in Stockholm and report to Jiri Zrust, head of country coverage and origination for MIRA in Europe.
Her appointment follows that of Philip Mikkelsen, who was hired in October 2018 as managing director in MIRA’s investor solutions group. Based in Copenhagen, Mikkelsen is responsible for fund formation, capital-raising, investor relations and co-investment opportunities.
It is understood that Elmfeldt will be supported by MIRA’s transactions and asset management team, with a view to growing her own team over time.
Asked whether MIRA is considering raising a Nordics-focused vehicle, the firm declined to comment beyond the press release.
However, a source familiar with MIRA’s strategy told Infrastructure Investor that Elmfeldt would be predominantly focused on sourcing and managing assets for the Macquarie European Infrastructure Fund Series – MIRA closed MEIF6 on €6 billion in June – along with the manager’s other Europe-domiciled funds.
According to the same source, MIRA is seeing opportunities across a diverse range of sectors including in renewables, utilities, transport and communications.
The firm has been investing in the region for more than 15 years, but its exposure to the Nordics has increased in the past two years. In 2018, MIRA – through its €4 billion MEIF5 fund – 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 year before, MIRA had partnered with Allianz and state pension fund Valtion Eläkerahasto in a €3.5 billion deal to buy Finnish electricity distribution company Elenia, through its €2.5 billion Super Core Infrastructure Fund.