Australian investment bank Macquarie Group announced that it has raised €2.75 billion for its fourth European infrastructure fund, above its €2 billion target.
In addition to the direct capital commitments, Macquarie Infrastructure Fund 4 also has an additional €2 billion in co-investment agreements with some of the fund’s limited partners.
Roughly €500 million has already been committed to two core regulated infrastructure assets. In July, the fund acquired Germany’s largest gas network, Open Grid Europe, alongside several investors in Macquarie European Infrastructure Fund 4. Then in December, the fund acquired a stake in a Czech gas network from the European power company RWE Group.