MIRA closes EUR6bn hard cap for Macquarie European Infrastructure Fund 6 (MEIF6)

Macquarie Infrastructure and Real Assets (“MIRA”) has reached the final close for Macquarie European Infrastructure Fund 6 (“MEIF6”) with EUR6 billion (US$6.7 billion) committed – exceeding its initial target of EUR5 billion (US$5.6 billion).

This brings MIRA’s total global fundraising to approximately EUR13 billion (US$14.57 billion) in just over a year following the successful close of MIRA’s other flagship regional funds including Macquarie Asia Infrastructure Fund 2 and Macquarie Infrastructure Partners IV in April and December 2018.

With a total re-up rate of 65 per cent, MEIF6 comprises a combination of existing clients as well as new clients including a number from new jurisdictions. The investor base is made up of pension funds, insurers and sovereign wealth funds. This diverse investor base sees the majority of capital originating from European investors in addition to a significant portion from the Asia-Pacific, demonstrating the growing global demand for alternatives.

Consistent with MIRA’s five predecessor European infrastructure funds, MEIF6 will seek to deploy capital into a long-term portfolio of diversified infrastructure assets which aim to deliver sustainable, predictable and inflation-linked cash flows.

The fund will target a pipeline of European infrastructure assets which occupy a strategic competitive advantage in their respective sectors, including utilities, transportation, communications infrastructure and renewables.