Macquarie Asset Management closes third Asia-Pacific regional infrastructure fund with over $US4.2 billion in commitments

Macquarie Asset Management today 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.

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 Bohao Internet Data Services and Metcold Supply Networks in China, Summit Energy Alliance Limited in South Korea, Bersama Digital Infrastructure in Indonesia, Vocus Group and Bingo Industries in Australia and 2degrees in New Zealand.

“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.”

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.

Notes to editors:

• Macquarie Asset Management’s global infrastructure assets under management is $A197 billion as of 31 March 2022
• Macquarie Asset Management’s global infrastructure capital raising has totalled ~$US41 billion in the past three years through 31 March 2022
• 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