Jun.06.2022, Shanghai ------ Macquarie Asset Management announced the final close of its third Asia-Pacific regional infrastructure fund with over $US4.2 billion in investor commitments, exceeding the fund’s $US3.0 billion target. The successful fundraise brings total capital managed under the manager’s Asia-Pacific Infrastructure Fund series, dedicated to investing in Asia-Pacific infrastructure, to over $US15 billion. The company’s global infrastructure assets under management is $A197 billion as of 31 March 2022.
From Macquarie Annual Report 2022
Macquarie Asia-Pacific Infrastructure Fund 3 was launched in 2020 with a strategy of leveraging the deep local experience and expertise Macquarie Asset Management has built up through investment in infrastructure opportunities across the region over more than 25 years.
The fund has received commitments from a diverse range of returning and new institutional investors from around the world, including pension funds, insurance companies and sovereign wealth funds. The fund has already successfully committed more than $US2.4 billion, with an additional $US3.0 billion in co-investments, across seven locally-sourced investments, including:
The fund has received commitments from a diverse range of returning and new institutional investors from around the world, including pension funds, insurance companies and sovereign wealth funds. The fund has already successfully committed more than $US2.4 billion, with an additional $US3.0 billion in co-investments, across seven locally-sourced investments, including:
- Bohao Internet Data Services Limited (Bohao): Hyperscale Internet data centre developer and operator in China
- Metcold Supply Networks II Limited (MSN2): Modern cold and dry storage logistics platform in China
- Vocus Group Limited (Vocus): Specialist fibre and network solutions provider in Australia
- Bingo Industries Limited (Bingo): Vertically integrated Australian recycling and waste management business
- Summit Energy Alliance Limited (SEAL): Consolidation holding company in the Korean renewable energy sector, with two solar platform investments made to date
- Two Degrees Group Limited (2degrees): Full-service telecommunications network provider in New Zealand, merged with Vocus NZ
- Bersama Digital Infrastructure: Southeast Asian regional digital infrastructure platform with a majority stake in Tower Bersama Infrastructure, a leading independent telecommunication towers business in Indonesia
Laural Bramwell (Left), Corporate Affairs, Macquarie Group & Shemara Wikramanayake (Right), Managing Director and CEO, Macquarie Group, discusses the Group’s 2022 full-year result
“We would like to thank returning and new investors for their support on the successful fundraise of our third Asia-Pacific infrastructure fund. The infrastructure markets across Asia-Pacific have been maturing at a particularly fast rate, and our clients continue to value the investment merits brought by infrastructure. We are also pleased to see a diverse and international investor base as the asset class matures,” said Frank Kwok, Head of Macquarie Asset Management’s Real Assets business in Asia-Pacific.
“Leveraging our local relationships and experience in managing funds in Asia-Pacific, we remain focused on identifying proprietary investment opportunities through our own network for our clients,” said Verena Lim, Head of Investments for the Macquarie Asia-Pacific Infrastructure Fund series. “While the markets within this region are truly diverse, the investable landscape has broadened materially as we see some common themes driving new opportunities, including digitisation, decarbonisation and sustainability. More importantly, the positive long-term outlook for the region will continue to drive demand for high-quality infrastructure.”
“Leveraging our local relationships and experience in managing funds in Asia-Pacific, we remain focused on identifying proprietary investment opportunities through our own network for our clients,” said Verena Lim, Head of Investments for the Macquarie Asia-Pacific Infrastructure Fund series. “While the markets within this region are truly diverse, the investable landscape has broadened materially as we see some common themes driving new opportunities, including digitisation, decarbonisation and sustainability. More importantly, the positive long-term outlook for the region will continue to drive demand for high-quality infrastructure.”
Macquarie Asset Management has cultivated a regional investment strategy powered by local teams, with on-the-ground experience and market knowledge to deliver investment opportunities and value for our clients. The team consists of more than 60 infrastructure investment professionals dedicated to the fund series, located across its target markets.
About Macquarie
Macquarie is a global financial services group with Australian heritage, operating in 33 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.
The diversity of operations, combined with a strong capital position and robust risk management framework, has contributed to 53-year record of unbroken profitability.
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