Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, has recently announced the close of its latest infrastructure platform investing across the Asian region.
The platform closed fundraising with US$3.1 billion in investor commitments. MIRA launched the fund in early 2014 with a US$2.5 billion target.
The fund is focused on investment opportunities in transportation, communications, utilities, power, energy, and waste management assets across the region.
The platform has attracted commitments from a diverse group of returning and new investors across Asia-Pacific, North America and Europe.
More than US$1.3 billion of the platform has already been invested across six portfolio companies in four sectors since its first close.
MIRA currently manages over 50 infrastructure assets and its managed funds have more than US$15 billion of assets under management in Asia-Pacific across the infrastructure, real estate, agriculture and energy sectors.
As MIRA's first Asian regional infrastructure platform, it complements MIRA's already established country funds in the region, where MIRA has been investing in infrastructure since 1994.
Martin Stanley, Global Head of MIRA, said:
"The Asian region provides a compelling investment environment for institutional investors. Strong fundamentals underpin the growing demand for real assets including infrastructure, such as rapid urbanization and the push for sustainable development. MIRA has had an enduring 22 year presence in the region. Throughout that time we have drawn on the deep sectorial and investment experience of our teams to deliver innovative, responsible and sustainable investment solutions for our partners and clients around the world."