The majority of the capital – £2.5bn – was raised for separately managed accounts that will invest alongside the blind pool fund in utilities, social and transport infrastructure, as well as renewables.
Sydney skyline
The vehicle follows the $3.3bn Macquarie Asia Infrastructure Fund II, which was the largest Asia-focused infrastructure fund ever raised at the time of its close in 2018.
The Danish fund manager reached first close on schedule despite covid-19 and is ‘confident’ that it will reach its €5.5bn target.
Solar power
The firm’s maiden renewable energy vehicle was launched last year with a target of $1.25bn, and a second close is expected next month.
The Toronto-based firm has already deployed 35% of its latest vehicle in three assets in the midstream and aviation sectors.
Trent Vichie and Michael Dorrell of Stonepeak
Stonepeak raises $6.2 billion for Fund IV, AMP Capital takes a covid hit and a $400 billion alternatives wall of capital is unlocked.
The solar manager has recently launched a new private UK solar fund, while it continues to fundraise for its international fund NextPower III.
infrastructure
Macquarie has also committed 90% of the $5bn raised for its last North America-focused infrastructure fund, MIP IV, according to an LP document.
The fund has a target of €465m, while a vehicle open to a larger pool of investors is being prepared for launch next year.
The French manager has split its debut infra equity vehicle into two funds – a dedicated fund requested by a European insurer, and its first commingled fund targeting €500m.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination