MIRA Closes Macquarie Infrastructure Partners IV with $5 Billion in Commitments
NEW YORK--(BUSINESS WIRE)--Jan 17, 2019--Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, today announced the final close of Macquarie Infrastructure Partners IV (MIP IV) after reaching its $5 billion hard cap in December 2018. MIP IV is MIRA’s fifth North American focused unlisted infrastructure fund and follows the investment strategy of its predecessor fund, MIP III, which closed at its hard cap of $3 billion in commitments in 2014.
The close of MIP IV brings MIRA’s global capital raising to $29 billion over the past [two years]. MIRA is one of the world’s leading alternative asset managers 1, with more than $129 billion of assets under management.
MIP IV has attracted commitments from a diverse group of returning and new investors from around the world, including public and private pension plans, insurance companies, corporations and sovereign wealth funds. MIP IV is focused on high-quality investments across the transportation, communications, energy and waste infrastructure sectors and has made a number of investments in these sectors to date.
“We are delighted that our clients continue to support MIRA’s funds around the world and we recognise the significant responsibility we have to manage these investments responsibly and sustainably for all our stakeholders,” said Martin Stanley, global head of MIRA. “MIP IV’s successful capital raise demonstrates investors’ ongoing commitment to MIRA’s regional approach to infrastructure investment and our strong investment track record over more than 20 years.”
“We continue to access a range of high quality investment opportunities across the region,” said Karl Kuchel, CEO of Macquarie Infrastructure Partners. “We are focused on developing a diversified portfolio of investments and then using our team’s sector expertise and active approach to asset management to improve operational performance and increase the value of these investments over time.”
About Macquarie Infrastructure and Real Assets (MIRA)
Macquarie Infrastructure and Real Assets is a business division within the Macquarie Asset Management group of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. Macquarie Infrastructure and Real Assets has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relations. Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$129 billion of total assets under management as of September 30, 2018.
____________________________ 1 Towers Watson Global Alternatives Survey 2017 (published July 2017), measured by assets under management.
None of the entities noted in this document is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities.
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SOURCE: Macquarie Infrastructure and Real Assets
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PUB: 01/17/2019 08:00 AM/DISC: 01/17/2019 08:01 AM