Macquarie Asset Management has today announced that €1.2 billion has been raised into the Macquarie European Infrastructure Debt Fund (MEID) upon the fund's Final Close. Alongside the fund, an additional €2.3 billion was raised from separately managed accounts.
MEID is Macquarie's first dedicated European infrastructure debt fund and was designed for insurance companies and pension fund investors. It was primarily launched due to demand from insurance companies for a pooled fund vehicle that would invest into high quality infrastructure debt assets aligned to Solvency II regulations.
MEID has a diverse portfolio of 24 European infrastructure debt investments and is over 80 per cent deployed at final closing. These investments span across renewables - solar and wind; digital - fibre and data centres; transportation and adjacent assets - roads, rail, ferries, motorway services; and other energy assets.
This announcement showcases how institutional investors are increasing their allocations to infrastructure debt, recognising its ability to add diversification and act as an inflation hedge to a portfolio. The asset class has demonstrated resilience and ability to offer stable cash flows, offering attractive risk-adjusted returns, compared to similarly rated corporate bonds.1
Tom van Rijsewijk, Head of Infrastructure and Investment Grade Private Credit EMEA at Macquarie Asset Management, said: "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 business has unparalleled expertise in infrastructure investment, since inception deploying ~€12.5 billion in infrastructure debt.2 and has one of the largest infrastructure debt teams in the market plus a highly experienced Investment Committee. The team have been recognised as Infrastructure Debt Manager of the Year by Alternative Credit Investor,3 and second place in the Infrastructure Debt Fund Managers by Infrastructure Investor.4
- S&P Global Ratings. "Default, Transition, and Recovery: 2020 Annual Infrastructure Default And Rating Transition Study" (October 2021), Moody's, Corporates -Global, Annual default study: Defaults will rise modestly in 2019 amid higher volatility, Moody's, Average recovery rates for defaulted corporate infrastructure and project finance debt securities, 1983-2018.
- All figures as at 31 March 2025 unless otherwise stated.
- https://www.macquarie.com/uk/en/about/company/macquarie-asset-management/institutional-investor/insights/perspectives/infrastructure-debt-manager-of-the-year.html
- https://www.infrastructureinvestor.com/top-infrastructure-debt-fund-managers/
