Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, has held the final close of Macquarie Infrastructure Partners IV (MIP IV) after reaching its USD5 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 USD3 billion in commitments in 2014.
The close of MIP IV brings MIRA’s global capital raising to USD29 billion over the past two years. MIRA is one of the world’s leading alternative asset managers, with more than USD129 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,” says 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,” says Karl Kuchel, CEO of Macquarie Infrastructure Partners. “We are focussed 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.”
