Australia's Macquarie Asset Management raises $4.1 billion for European infrastructure debt fund

The asset management arm of the Macquarie Group MQG said on Thursday that it has raised 3.5 billion euros ($4.06 billion) for its European infrastructure debt fund.

Macquarie Asset Management said 1.2 billion euros was raised into its Macquarie European Infrastructure Debt Fund (MEID), with the remaining amount raised through separately managed funds.

MEID, Macquarie's first dedicated European infrastructure debt fund, was launched due to demand for a pooled fund vehicle that would invest in high-quality infrastructure debt assets, the company said.

MEID has a diverse portfolio of 24 European infrastructure debt investments spanning across renewables and transportation, among others.

($1 = 0.8630 euros)