Global alternative asset manager Macquarie Asset Management said on 17th that it has completed the final closing of its first European infrastructure debt fund (MEID), raising €1.2 billion (approximately 1.92 trillion won). At the same time, Macquarie Asset Management secured an additional €2.3 billion (about 3.68 trillion won) through a separately managed account (SMA).
MEID was designed to meet the demand of institutional investors such as European insurers and pension funds. In particular, its strength lies in being structured to invest in high-quality infrastructure debt assets that meet the requirements of Solvency II, the European insurance capital regulation. This also aligned with the recent trend of insurers favoring infrastructure investments for stable cash flows and long-term asset matching.
More than 80% of the fund had already been invested at the time of the fundraising completion. The portfolio consists of 24 projects across Europe: ▲ renewable energy (solar, wind) ▲ digital infrastructure (fiber, data centers) ▲ transport infrastructure (roads, rail, ferries, highway services) ▲ other energy asset.
Tom Van Rysewyk, head of infrastructure and private credit for EMEA (Europe, Middle East and Africa) at Macquarie Asset Management, said, "As market volatility increases, institutional demand is rising for diversified portfolios that can provide a stable revenue base over the long term."
Macquarie Asset Management manages more than $588.1 billion in assets across a range of areas, including real assets, real estate, credit, and multi-asset.