Macquarie Asset Management announced the successful raising of €1.2 billion for its Macquarie European Infrastructure Debt Fund (MEID) at the fund's final close. An additional €2.3 billion was secured from separately managed accounts.
The MEID, Macquarie's first dedicated European infrastructure debt fund, targets insurance companies and pension fund investors. It was created in response to demand for a pooled fund vehicle investing in high-quality infrastructure debt assets aligned with Solvency II regulations.
The fund has a diverse portfolio comprising 24 European infrastructure debt investments, which are over 80% deployed at the final closing. These investments cover various sectors including renewables like solar and wind, digital infrastructure such as fiber and data centers, transportation including roads and rail, as well as other energy assets.
This development highlights an increasing trend among institutional investors to allocate more funds into infrastructure debt due to its potential for diversification and inflation hedging. The asset class is known for resilience and stable cash flows, offering attractive risk-adjusted returns compared to similarly rated corporate bonds.
Tom van Rijsewijk, Head of Infrastructure and Investment Grade Private Credit EMEA at Macquarie Asset Management stated: “We are extremely proud to announce the close of our first European Infrastructure Debt Fund. Recent market volatility has highlighted the need from institutional investors for diversified portfolios that can provide long-term stable returns, and experienced managers with deep knowledge of this asset class. We are thankful for the confidence investors have placed in us.”
Macquarie Asset Management’s Credit and Insurance platform is supported by approximately 200 investment professionals globally managing over €200 billion of capital on behalf of clients across Liquid Credit, Private Credit, and Insurance. The firm has extensive expertise in infrastructure investment with around €12.5 billion deployed in infrastructure debt since inception.
The team has been recognized as Infrastructure Debt Manager of the Year by Alternative Credit Investor and ranked second among Infrastructure Debt Fund Managers by Infrastructure Investor.