Macquarie鈥檚 infrastructure debt platform has raised 拢2.7bn (鈧�2.95bn) in commitments from predominantly UK corporate pension funds, local authority pension schemes and insurance companies in the manager鈥檚 latest round of fundraising for its UK infrastructure debt strategy.
More than 拢220m of the 拢2.7bn was raised via the manager鈥檚 second UK-focused pooled fund targeting investments in inflation-linked debt in essential UK infrastructure businesses.
A further 拢2.5bn of commitments was raised to invest alongside the fund through separately managed accounts.
Tim Humphrey, co-head of Macquarie Infrastructure Debt Investment Solutions (MIDIS), said: 鈥淎s we emerge from the COVID-19 pandemic, investment in infrastructure and green energy will form a key part of the UK鈥檚 economic recovery.
鈥淏y mobilising UK institutional capital to invest in local infrastructure, we are helping essential infrastructure businesses meet the current and future needs of the communities they serve.鈥�
Since MIDIS was established in 2012, it has provided 拢4.8bn of capital to invest in the build-out of UK infrastructure, across 70 investments.
It said many maturing defined benefit pension schemes and insurance companies have increased their exposure to inflation-linked infrastructure debt seeking to better match their inflation-linked liabilities. Investors had also been attracted to the prospect of higher returns than those offered by other assets with inflation protection and the lower risk profile of the asset class when compared to corporate debt.
Earlier this year MIDIS announced it had raised $645m (鈧�598m) for its global debt fund, with capital commitments coming from pension funds and insurance companies from the UK, Netherlands, Italy, Japan, Singapore and Portugal.
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