Guernsey firms Carey Olsen and Alter Domus have assisted Macquarie Infrastructure and Real Assets (MIRA) on the launch of its latest European infrastructure fund, Macquarie European Infrastructure Fund 5 (MEIF5). The fund closed with €4bn of investor commitments within eight months of its launch and was significantly oversubscribed.
The €4bn committed to MEIF5 makes the largest private infrastructure fund raised in Europe in 2016 and takes MIRA global fund raising to $29bn in the past five years, including a North American infrastructure fund and a Pan-Asian infrastructure fund, both of which were also oversubscribed. MEIF5 will focus on investment opportunities throughout Europe in transportation, communications and utilities infrastructure as well as renewable energy.
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