London, 19 March 2020
Macquarie Infrastructure Debt Investment Solutions (“MIDIS”) has completed fundraising for its Macquarie Global Infrastructure Debt Fund (“the Fund”), raising $US645 million of investor commitments.
The Fund is helping to finance essential infrastructure around the world with debt investments in 18 investment grade infrastructure businesses. The pooled fund, first launched in 2016, invests alongside MIDIS’ other separate accounts and pooled funds which have so far raised a total of $US10.2 billion for investment grade assets.
All commitments to the Fund were raised from investors new to the MIDIS platform, with institutional investors increasingly recognising the diversification characteristics and superior risk adjusted returns offered by infrastructure debt compared to corporate bonds. The Fund attracted commitments from pension funds and insurance companies from the United Kingdom, Netherlands, Italy, Japan, Singapore and Portugal, with investors seeking high quality assets that generate stable, long-term cash flows to match their long-dated liabilities.
Tim Humphrey, Co-Head of MIDIS, said; “As familiarity with the defensive characteristics of the asset class grows, we are seeing more institutional investors recognise the important role that infrastructure debt can play as part of their broader investment portfolio. Over the past year we have raised more than $US2.3 billion from investors and we would like to thank our clients for the confidence they have shown in our ability to effectively navigate the investment market.”
The Fund has already made investments in the United Kingdom, Europe, United States and Australia. Today, the fund’s geographically diverse pool of investments includes transport, utilities and energy infrastructure. In response to growing investor allocations to renewable energy assets, more than 25 per cent of the assets currently held in the Fund are in the solar, onshore and offshore wind sectors.
Kit Hamilton, Co-Head of MIDIS, said; “Leveraging our proprietary channels, our team continues to carefully deploy capital in attractive opportunities on behalf of our investors. With a number of investments already across a diverse range of sectors, the Fund is helping to finance infrastructure relied on by communities and powering the world’s transition to clean energy.”
MIDIS was established in 2012 and has quickly become one of the world’s largest infrastructure debt asset managers – raising more than $US11 billion of commitments from some of the world’s most prominent institutional investors for its investment grade and sub-investment grade strategies. MIDIS is the infrastructure debt platform of Macquarie Infrastructure and Real Assets, the world’s largest infrastructure manager.
Macquarie Infrastructure Debt Investment Solutions (“MIDIS”) is the infrastructure debt platform of Macquarie Infrastructure and Real Assets (“MIRA”).
MIRA is one of the world’s leading alternative asset managers. For more than twenty-five years, MIRA has partnered with investors, governments and communities to manage, develop and enhance assets relied on by more than 100 million people each day. As at 30 September 2019, MIRA managed approximately $US136 billion in assets that are essential to the sustainable development of economies and communities, including; 156 portfolio businesses, ~600 properties and 4.7 million hectares of farmland.
MIRA is a part of Macquarie Asset Management, the asset management arm of Macquarie Group, a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs over 15,700 people and is listed on the Australian Securities Exchange (ASX:MQG).