Macquarie, China Everbright make first close on infrastructure fund

The Macquarie Everbright Greater China Infrastructure Fund (MEGCIF) will target core infrastructure projects primarily in the toll road, airport, renewable energy, wastewater, port and rail sectors.

Capital has been raised from leading international institutional investors in Europe, North America and Asia including PGGM, the second largest pension asset manager and pension administrator in the Netherlands, and the Korean Teacher's Credit Union, Korea's second-largest pension plan. Macquarie and China Everbright have also committed $50million each, and the fund will have access to $250 million for co-investments.

Ben Way, managing director of Macquarie Infrastructure and Real Assets, said in a statement: “Raising nearly half a billion dollars for a first close we believe is a strong endorsement of our strategy, team and the distinctive opportunities that exist for infrastructure investors in China”.

Macquarie is the largest infrastructure fund manager globally, with $92 billion in assets under management as of March 31. This is spread across 30 funds and 97 infrastructure projects in 23 countries.

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• Topics
• Fundraising
• Infrastructure
• Greater China
• Macquarie Group