Macquarie Asset Management Closes $711M Inaugural Infrastructure Secondaries Fund
Macquarie Asset Management has announced the final close of its Macquarie Alliance Partners Infrastructure Fund (MAPIF), securing $711 million in total commitments across both the main fund and separately managed accounts. The close represents its first dedicated infrastructure secondaries strategy.
MAPIF is designed to build a diversified portfolio of high-quality infrastructure assets by targeting seasoned fund managers and core sectors across the global infrastructure landscape. Unlike many generalist secondaries strategies, MAPIF adopts a specialist infrastructure-focused approach, leveraging Macquarie’s decades-long track record and deep sector expertise.
The fund has drawn capital from a global and diversified base of institutional investors, including pension funds, insurance companies, and family offices across EMEA, APAC, and the Americas. The offering addresses a growing need among both limited partners and general partners for flexible liquidity options and j-curve mitigation solutions in private infrastructure markets.
“While our clients remain focused on allocating capital to infrastructure, liquidity and j-curve mitigation have become increasingly desirable for LPs, and GPs are also seeking liquidity solutions for their investors,” said Wandy Hoh, Head of Secondaries at Macquarie Asset Management.
The successful raise underscores continued institutional demand for secondaries exposure within the infrastructure asset class, particularly amid a higher-for-longer interest rate environment and extended hold periods. As of June 30, 2025, Macquarie Asset Management oversees approximately $588.1 billion in assets under management.
