New York, 27 January 2021
Macquarie Infrastructure and Real Assets (MIRA) today announced the final close of MIRA Infrastructure Global Solution II (MIGS II) with $US1.13 billion in commitments – exceeding its initial target of $US1 billion. MIGS II is the second vintage of MIRA’s global fund strategy, which seeks to make equity and equity-related investments in core-plus and core infrastructure and infrastructure-related assets in the Americas, Europe and Asia-Pacific. MIGS II received commitments from 51 limited partners, of which nearly 80% are investors new to MIRA-managed funds.
“We are delighted that our track record of successfully deploying capital has enabled us to exceed the target for the second vintage of MIGS,” said Andrea Mody, COO of the MIGS funds, which includes MIGS II and its predecessor fund, MIRA Infrastructure Global Solution (MIGS I).
To date, MIGS II has invested in or committed to a globally diversified portfolio of infrastructure assets in the digital infrastructure, vertically-integrated waste, renewables and transportation sectors across the globe. Investments in these assets have been, or will be, made via commitments to, or investments alongside, MIRA-managed flagship infrastructure funds.
“We launched MIGS I in 2016 using an innovative structure to capture MIRA’s industry-leading regional infrastructure teams and expertise in a single highly diversified fund product for investors. MIGS II continues that strategy of linking long-term capital with long-term infrastructure assets across the world.” James Cowan, CEO of the MIGS funds, also added “The response to both MIGS I and II, particularly by investors new to MIRA funds, clearly illustrates the demand for global exposure to the infrastructure asset class.”