AUSTRALIA - The Macquarie Bank Group has raised more than US$10bn from major pension funds by shutting two new infrastructure funds.
Institutional investors from around the world also helped generate the money.
The closed funds include the Macquarie European Infrastructure Fund II (MEIF II), and the Macquarie Infrastructure Partners (MIP).
To date, the portfolios have committed to invest a total of $4.5bn or 44% of funds raised, in 13 assets across sectors including toll roads, ports, utilities and telecommunication infrastructure.
Christopher Leslie, chief executive officer of MIP, said its long term investment horizon was fundamental to its approach and well-suited to the important nature of the infrastructure business.
MEIF II, which confirmed commitments of $6.3bn will invest in a diversified portfolio of eight to 15 infrastructure assets located across the European Union.
Meanwhile, MIP, a $4bn fund, will invest in infrastructure and infrastructure-like assets in North America.
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