Macquarie Asset Management has successfully closed its Macquarie European Infrastructure Fund VII at a historic €8 billion, solidifying its status as the largest-ever European infrastructure-focused fund. The final close garnered commitments from a diverse investor base, including over 100 pension funds, insurance companies, sovereign wealth funds, asset managers, and fund of fund investors.
Impressively, 92% of the commitments originated from existing Macquarie Asset Management investors, highlighting the firm's strong track record and investor confidence. Additionally, Fund VII attracted participation from 24 new investors joining the Macquarie platform. The fund, the seventh installment in Macquarie's European Infrastructure Fund series, surpassed its initial target size of €7-8 billion.
MEIF7's investment strategy revolves around building a diversified portfolio focused on key themes such as decarbonization, digitalization, the circular economy, and demographic shifts. Already, the fund has deployed capital in digital, transport, and utilities sectors, with investments in VIRTUS Data Centres, Best in Parking, and Last Mile Infrastructure Group.