Fundraising

As Macquarie Asset Management’s fourth Asian infrastructure fund starts to make its first transactions, MAM co-head of Asia-Pacific infrastructure Verena Lim reflects on the strategy’s previous successes.

The close is double the size of the previous vintage of the Vision Ridge flagship infrastructure fund, despite time on the road increasing substantially.

Strong investor demand has already propelled the fund beyond its predecessor’s $5.2bn final close.

Hamilton Lane’s Infrastructure Opportunities Fund II exceeded its $1.25bn target and tripled the size of its predecessor.

The Emerging Asia Sustainable Infrastructure Fund is focused on Malaysia, the Philippines, Thailand, Vietnam, Indonesia, Laos, Cambodia and India.

SISF V is the largest infrastructure vehicle that Stafford has raised to date and brings its total infra AUM to $2.7bn.

Despite redemption levels being high, open-end funds are set for their best fundraising year since 2022, according to data from Bfinance.

With nearly $300bn raised last year, the asset class blew past the circa $200bn raised in the high watermark years of 2021-22.

QIC, alongside Australia's Future Fund, has acquired a 19.9% stake in Tilt Renewables that it did not already own, which takes its ownership to 99.9% as it targets final investment decisions on two wind projects this year.

The Spanish manager is broadening its client base to include institutional investors for its second infra strategy, after starting to make exits from the first.