Macquarie Asset Management Group has recently completed raising 1 trillion won for the Macquarie Alliance Partners Infrastructure Fund (MAPIF).
According to the investment banking (IB) industry on the 14th, Macquarie secured a total of $711 million (approximately 984.16 billion won) through the fund and a separate managed account (SMA). MAPIF attracted investment from various institutions, including pension funds, family offices, and insurance companies across Europe, the Middle East, Africa, the Asia-Pacific (APAC), and the Americas.
MAPIF is Macquarie Asset Management's first infrastructure secondary fund. It focuses on diversifying its portfolio by investing in high-quality assets and sectors managed by excellent asset managers.
Wandi Ho, representative in charge of secondary investments at Macquarie Asset Management, noted, "Clients are still allocating budgets for investments in the infrastructure asset class, but liquidity and the easing of the J-curve are becoming increasingly important factors," adding that "managers also want to provide liquidity solutions to investors."
As of the end of March this year, Macquarie Asset Management manages approximately $590 billion, including public and private markets.