Exclusives

The fund, which is targeting up to $2bn, received a $250m commitment from the Pennsylvania Public School Employees' Retirement System earlier this year.

A newly established subsidiary of the London-based firm will manage the fund – understood to have a target of €250m – that will invest in the energy transition and smart infrastructure.

The Minnesota-based manager is closely to fully committing its debut effort, which closed on $504m in January 2021.

Ben Way, who became MAM’s group head last year, will likely move from Hong Kong later this year amid a concerted push by MAM in the region.

Macquarie has also deployed more than $3bn in co-investment capital alongside the funds raised for Asia-Pacific Infrastructure Fund 3.

‘We will be on the road by the end of the year,’ the firm’s managing partner Serge Savasta tells Infrastructure Investor – and seeking to raise at least €1bn for Capenergie 5.

A new USD-denominated fund is thought to be planned for later this year, after QIC raised a further A$1bn for its first vehicle in October.

The fundraising specialist arrives at Apollo amid an anticipated launch of a third infrastructure vehicle later this year.

A number of macroeconomic factors have led the Australian infrastructure developer to enter the European market for the first time since its founding 18 years ago, says CIO Paul Crowe.

The UK-based investment firm launched its first dedicated North American infrastructure fund last year, targeting $1bn.