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Macquarie Infrastructure set to close $3b for new Asia Fund

Macquarie CGIA

Australia’s biggest investment bank Macquarie targets about US$3 billion for a new fund for investments in Asia, according to people familiar with the matter. Its sub unit Macquarie Infrastructure and Real Assets (MIRA) is said to be involved in this investment MIRA is said to planning for a first close for the fund in the third quarter,

The unit of Australia’s Macquarie Group is in talks with prospective investors for the infrastructure fund and has already secured some commitments.

The new Asian regional infrastructure fund would follow two similar funds that had raised US$6.4 billion in total. The two existing funds invest in transportation, communications, utilities, power, energy and waste management assets across the Asia-Pacific.

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