MIRA Infrastructure Global Solution Fund’s $1.04 Billion Fundraising

Simpson Thacher represented Macquarie Infrastructure and Real Assets (“MIRA”) in the establishment and fundraising of MIRA Infrastructure Global Solution, L.P. (“MIGS”). MIRA is a division of Macquarie Asset Management, the asset management arm of Macquarie Group, and is the world’s largest infrastructure asset manager.

MIGS exceeded its fundraising target and closed on approximately $1.04 billion in capital commitments, including capital commitments from Macquarie. MIGS is MIRA’s first globally diversified umbrella infrastructure fund.

MIGS will seek equity and equity-related investments in core-plus and core infrastructure businesses in North America, Europe, Australia, Asia and Latin America. MIGS will make capital commitments to MIRA-managed private regional infrastructure funds and may also invest along such funds or MIRA in discretionary direct investment opportunities.

Macquarie Infrastructure Corporation (MIC) owns, operates, and invests in a portfolio of infrastructure businesses. The company, led by Christopher Timothy Frost, Liam Stewart and Andrew M Chapman, in 2017 recorded $1.814 Billion Revenues.

The Simpson Thacher team includes Tom Bell (Picture), James Hays, Carolyn Houston and Geraldine Rothschild (Funds); Andrew Purcell and William Smolinski (Tax); Jeanne Annarumma (ERISA); and Jennie Getsin (Blue Sky).

 

Involved fees earner: Thomas Bell – Simpson Thacher & Bartlett; James Hays – Simpson Thacher & Bartlett; Carolyn Houston – Simpson Thacher & Bartlett; Geraldine Rothschild – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Macquarie Infrastructure and Real Assets ;

 

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Author: Ambrogio Visconti