Macquarie Asset Management successfully shuts down initial $711 million Infrastructure Secondary Fund
Macquarie Asset Management, a global investment firm with over 400 professionals across 34 markets, has announced the final close of its inaugural infrastructure secondaries fund, the Macquarie Alliance Partners Infrastructure Fund (MAPIF). The fund, which focuses on providing liquidity and j-curve mitigation solutions, has raised a total of $711 million in commitments from a diverse group of investors.
The Macquarie Alliance Partners Infrastructure Fund (MAPIF) is designed to build a diversified portfolio by targeting high-quality assets, sectors, and fund managers in the infrastructure space. Unlike common generalist secondaries funds, MAPIF leverages Macquarie’s more than 30 years of extensive infrastructure investment experience to apply a sector-specialist and focused strategy.
Wandy Hoh, the Head of Secondaries for Macquarie Asset Management, leads the management of MAPIF. The fund targets a diversified mix of infrastructure assets, seasoned fund managers, and core infrastructure sectors globally, achieving risk mitigation and stable returns.
Liquidity and j-curve mitigation have become increasingly desirable for Limited Partners (LPs) and General Partners (GPs) in the infrastructure asset class. MAPIF addresses this growing demand, benefiting both LPs seeking smoother capital deployment and GPs seeking liquidity solutions for their investors.
The success of MAPIF is attributed to Macquarie Asset Management’s expertise in infrastructure investment and market solutions. Managing over $588 billion in assets as of mid-2025, Macquarie combines a long-term investment perspective with deep sector knowledge and experience, offering MAPIF an operational advantage in sourcing, evaluating, and managing infrastructure secondaries investments.
The fund has attracted commitments from a broad group of global institutional investors including pension funds, family offices, and insurance companies across EMEA, APAC, and the Americas. This demonstrates broad market confidence in Macquarie Asset Management’s ability to bring new solutions to market and capitalize on evolving investor needs for liquidity and diversification within the infrastructure space.
The Macquarie Alliance Partners Infrastructure Fund (MAPIF) is the first of its kind for Macquarie Asset Management, positioning it strategically as a differentiated infrastructure secondaries fund. The fund is designed to offer a focused strategy in the infrastructure secondaries market, capitalizing on Macquarie’s expertise to meet the evolving needs of investors for liquidity and diversification within the infrastructure space, while focusing on quality and long-term resilience.
As the infrastructure investment market continues to grow, it is likely that the demand for liquidity and j-curve mitigation solutions will increase. The success of MAPIF may influence future investments in similar funds, as investors seek to manage risk and optimize returns in the infrastructure asset class.
The Macquarie Alliance Partners Infrastructure Fund (MAPIF), a new offering by Macquarie Asset Management, has raised $711 million to provide liquidity and j-curve mitigation solutions in the infrastructure space, catering to the increasing demand for these services among Limited Partners (LPs) and General Partners (GPs). Macquarie's extensive experience in infrastructure investment, management of over $588 billion in assets, and focus on risk mitigation and stable returns, make MAPIF an attractive option for global institutional investors.
