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The
seventh European Infrastructure Fund raised money from more than
100 investors including pension funds and sovereign wealth funds
according to a statement published on Monday, with more than 90%
contributed by previous Macquarie investors.
"Continual investment is needed to develop the infrastructure
that provides essential services to communities," Adam Lygoe,
head of infrastructure for Macquarie Asset Management in Europe
said in the statement.
He added that the fund, which Macquarie said had aimed to raise
7 billion to 8 billion euros, would enable the group to "play a
meaningful role" in helping meet that need.
Institutional investors' enthusiasm for infrastructure is being
stoked by soaring demand for logistics and digital
infrastructure and the prospect of trillions more being spent as
the world transitions away from high-carbon energy.
Earlier this month BlackRock agreed to buy Global Infrastructure
Partners and its portfolio of assets including Britain's Gatwick
airport and the Port of Melbourne for $12.5 billion.
Macquarie, the largest infrastructure manager globally, launched
its first European infrastructure fund in 2004. The Sydney-based
firm has approximately 542 billion euros in assets, of which
some 170 billion are in infrastructure.
The seventh fund has already made three investments, including
VIRTUS Data Centres and Vienna-headquartered parking provider
Best in Parking AG.
($1 = 0.9171 euros)
(Reporting by Lewis Jackson; Editing by Kirsten Donovan)
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