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Macquarie raises over $1.8bn for new infrastructure fund

27 Jan 2014

infrastructure4_lrgMacquarie Infrastructure and Real Assets (MIRA) has raised nearly $1.9bn for its latest infrastructure fund, AltAssets has learned.

Macquarie Infrastructure Partners III has secured commitments of $1.85bn towards its $2.5bn target, according to a document filed with the US Securities and Exchange Commission.

The fund has been backed by 49 LPs and the first commitment was registered in January 2013, the filing showed.

At the time of the launch, the fund was targeting $2bn and the latest filing gives the target as $2.5bn.

The firm did not specify whether it has increased the target to $2.5bn or if it is the fund’s hard cap and it did not immediately respond to a request for comment.

The new fund follows Macquarie’s second North American infrastructure fund, Macquarie Infrastructure Partners II, which was closed with commitments of $1.6bn in 2012.

In May last year MIRA closed its fourth European infrastructure fund on €2.75bn.

MEIF4 is a successor fund to MEIF1, 2 and 3 which have been investing in European infrastructure since 2003 and have together invested more than €7.3bn to over 20 infrastructure companies.

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