Macquarie Infrastructure Debt platform reaches £2.5bn with final close
(15 July 2015 – United Kingdom) Macquarie Infrastructure Debt Investment Solutions (MIDIS) announced the final close of its United Kingdom linked debt fund on 13 July.
It attracted total commitments of over £739 million (A$1.56 billion).
This brings total awarded mandates for MIDIS’ global infrastructure debt platform – which includes both pooled funds and separately managed accounts - to over £2.5 billion.
MIDIS has deployed over £800 million into debt investments across 11 infrastructure subsectors.
These include fixed, floating and inflation linked debt investments in transport, regulated utilities, social infrastructure, solar photovoltaic (PV), and on-shore wind.
These debt investments include: Heathrow Airport to provide £115 million for supporting ongoing operations and capital expenditure; Low Carbon to provide £106 million for existing ground-mounted solar PV parks; A Shade Greener to provide £155 million for the development of roofmounted solar PV.
Quercus to provide a £21.5 million refinancing of ground mounted solar PV project in the UK; Capital Dynamics to provide a £60 million amortising facility for a portfolio of seven on-shore wind farms in the UK; Bristol Airport to provide £45 million as part of a wider debt refinancing process and Yorkshire Water Services to provide £50 million of inflation-linked Notes as part of a swap restructure.
MIDIS continues to see a healthy pipeline of potential investments across the power, regulated utilities, social infrastructure and renewable energy sectors, providing its institutional investor clients with attractive assets for matching their long-dated liabilities.
Andrew Robertson, co-head of MIDIS said: “We have seen continuous demand from UK and European investors throughout the fundraising period as well as an increasing interest from investors in other jurisdictions.
“The speed of development and acceptance from borrowers has been strong and we look forward to exploring further opportunities in UK, Europe and overseas markets”.
James Wilson, co-head of MIDIS said: “The portfolio of investments made to date demonstrates the value and flexibility in our approach to financing the development of assets across a range of sectors.
“We look forward to continuing to work closely with our long-term partners, deploying the remaining capital across a large and varied pipeline of investments”.
Meanwhile Macquarie Investment Management (MIM) has appointed Peter Douvos as head of EMEA Consultant Relations, based in London.
Douvos joins Macquarie from Invesco Asset Management, where he was responsible for consultant relations during his seven years with the firm.
Prior to that Douvos held sales roles for UBS Global Asset Management (UK), Standard Bank (South Africa) and Fedsure Life (South Africa).
Head of Distribution for MIM EMEA, Steve Haswell, said: “With more than 15 years experience in sales, working for investment firms in both South Africa and the United Kingdom, Peter brings valuable insights and experience to MIM.
“In addition to leading consultant relations in the EMEA region, Peter will work with MIM colleagues in other locations to coordinate our relationships with the global consultants that are vital to our business,” said Haswell.
Speaking on his appointment, Douvos said: “I am delighted to be joining MIM at such an exciting time, with the business going from strength to strength.
“Consultants are vital to reaching many investors in the EMEA region and I look forward to further developing their relationship with MIM and the opportunities we can bring to their clients.”
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