Macquarie holds first close of its $1.1 billion Pan-Asian Infrastructure Fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Macquarie holds first close of its $1.1 billion Pan-Asian Infrastructure Fund

Australian investment bank Macquarie Group is continuing to grow its infrastructure footprint. Macquarie Funds Group, the fund management division under Macquarie Group, has held a US$1.1 billion first close for its first pan-Asian infrastructure fund.

The Macquarie Asia Infrastructure Fund LP will be managed by Macquarie Infrastructure and Real Assets (MIRA). According to a regulatory filing, the vehicle attracted US$921 million commitments last months from 11 limited partners (LPs).

MIRA launched the fund earlier this year with a US$2.5 billion target.

Macquarie Funds Group has $US370.6 billion in assets under management as of September 30, 2014. MIRA specializes in infrastructure, real estate, agriculture and energy investments.

MIRA also recently announced the final close of Macquarie Infrastructure Partners III (MIP III) after reaching its $3 billion hard cap.

Share this news