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Macquarie will retain its Australian public investments arm, while partnering with Nomura on alternative fund distribution in the US.
Infrastructure’s asset managers remain laser-focused on enhancing performance and mitigating risk as macroeconomic and geopolitical uncertainty rages around them, three industry professionals tell Infrastructure Investor.
Investing in assets that are unique in their markets insulates investors from macroeconomic headwinds at the point of exit, says Ridgewood Infrastructure’s Ross Posner.
The manager is investing alongside Skip Capital, with capital coming from its second flagship Asia infrastructure fund.
Blackstone will make its investment in the data centre business from four separate strategies – infra, real estate, tactical opportunities and private equity.
MAM will continue to realise mature green assets over the coming years, although at a reduced level compared to FY22 and FY23.
With a vote set for early 2024, Macquarie will have a five-year window to sell the fund’s assets, should it be approved.
Macquarie will seed a new core renewable energy fund with some of its $2bn portfolio of assets, as exits slow.
Selling assets at a premium should help placate investors worried about HICL’s discounted share price, InfraRed’s Edward Hunt tells us.
The decision is the first time the ACCC has blocked a Transurban toll road deal and opens the door for other investors to acquire a majority stake in EastLink.