Macquarie receives $300m for Asia infra fund

The capital will support MIRA’s Macquarie Asia Infrastructure Fund II (MAIF II). According to a statement, it represents AIMCo’s first infrastructure investment in the region.

Fundraising targets and investment parameters for MAIF II have not been specified. The fund’s predecessor closed early last year at a hard cap of $2.3 billion as part of a $3.1 billion Asia platform with commitments from investors including Korea’s National Pension Service and Stichting Pensioenfonds of the Netherlands, which contributed $400 million.

MIRA claims to be the world's largest infrastructure manager with more than GBP70 billion ($90.1 billion) in assets under management across 27 countries. Its MAIF program typically targets rapid urbanization in Asia with a focus on transportation, communications, utilities, power, energy, and waste management assets. Recent activity includes a $29 million investment in Japanese industrial logistics company Nippon Vopak.

AIMCo is one of Canada’s largest and most diversified investment managers with C$90.2 billion ($71.2 billion) of assets under management. Its private equity portfolio includes C$4.5 billion in assets, primarily through funds and direct buyout investments in North America and Western Europe. Infrastructure deals are typically restricted to OECD-based assets.

Ashurst assisted AIMCo in negotiating the MAIF II investment.

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• Topics
• Australasia
• Fundraising
• Infrastructure
• Macquarie Group
• Australia
• Canada
• Asia