Macquarie Infrastructure and Real Asset

Macquarie Infrastructure and Real Assets (MIRA) operates as the real assets arm of Macquarie Asset Management (MAM), the asset management division of the Australian Macquarie Group. The entity's history traces back to Macquarie Group's founding on December 10, 1969, as Hill Samuel Australia Limited. The infrastructure investment business was established in 1994. MIRA, now integrated within Macquarie Asset Management, functions as a global leader in alternative asset management. In 2021, a leadership transition saw Ben Way appointed as the Head of Macquarie Asset Management, while Leigh Harrison became the global head of MIRA, overseeing infrastructure, renewables, and agriculture.

The business centers on managing direct investments in infrastructure and real assets for institutional investors, such as pension funds and governments. Capital is raised from these clients to deploy into various funds, including regionally-focused private infrastructure funds, co-investments, and managed accounts. The firm specializes in sectors like infrastructure, real estate, and agriculture. Its revenue model is based on management and performance fees generated from the assets it manages on behalf of its clients. The firm operates on a global scale with a regional approach, tailoring strategies for different markets.

MIRA's primary service involves managing a portfolio of alternative assets. It offers a range of public and private funds, providing clients with access to long-term investment opportunities. The firm manages investments across a variety of real assets, from transportation and utilities to renewable energy and digital infrastructure. For instance, MIRA has been involved in significant transactions such as the acquisition of Cincinnati Bell and the Green Investment Group from the UK government. A key aspect of its strategy is active asset management, where its teams of operational and financial experts work to create sustainable value throughout the investment lifecycle.

Keywords: alternative asset management, infrastructure investment, real assets, institutional investors, private funds, asset management, Macquarie Group, real estate investment, agriculture investment, renewable energy, global infrastructure funds, private equity, co-investments, managed accounts, pension funds, infrastructure finance, sustainable value, investment lifecycle, direct investment, transportation infrastructure, utilities investment, digital infrastructure, energy transition