Macquarie Asset Management

Congratulations to Verena Lim, Macquarie Group Asia CEO and Co-Head of Infrastructure for Asia-Pacific at Macquarie Asset Management, on being selected by PEI as one of their Women of Influence in Private Markets for 2024 in the infrastructure category.

Last week we had the privilege of hosting professionals from insurers and family offices for roundtable discussions in Singapore and Hong Kong, delving into the world of private credit. For over 15 years, Macquarie has been navigating the complexities within the private credit market, creating innovative investment strategies that aim to hedge against traditional market volatilities. These discussions provided a forum to exchange ideas and talk to the nuances and benefits of incorporating private credit into investment portfolios. A special thank you to Nasir Khan & Kok Ern from Oliver Wyman for their insightful contributions on our conversations, and to all our participants. Learn more by reading our Perspectives pieces on why infrastructure debt has emerged as significant asset class in its own right here: https://macq.co/6004UP9Ej #PrivateCredit #DirectLending #InfrastructureDebt #InsuranceSolutions

Tapping into the unique strengths of both infrastructure debt and direct lending allows investors to curate optimised portfolios. Read the latest from our Private Credit team as they discuss the investment routes that infrastructure debt and direct lending offer. https://macq.co/6002U3Zrw

Our recent EMEA Asset Leadership Forum convened 100+ CEOs and senior leaders from across our portfolio companies in the region. We explored key themes, including: • how we’re collaborating across the platform to enhance business outcomes and meet decarbonisation goals • harnessing the power of AI to best position our businesses for the future • the role critical risk management plays in delivering health and safety excellence As active asset managers, we’re proud to partner with inspiring business leaders to meet the needs of our clients while delivering critical infrastructure and services to communities across EMEA and around the world. Thank you to all the portfolio companies and their leaders who were able to join us. Together, we’re helping to deliver positive impact. #EMEAALF2024

On-Demand Webinar Available: As the US edges closer to a significant electoral decision, our panel of experts discuss the potential outcomes and impacts on the financial sector. Karl Kuchel, Head of Infrastructure – Americas, is joined by David Agnew, MAM Government Affairs, Linda Bakhshian, Deputy Chief Investment Officer – Equities & Multi-Asset, and William Demas, Head of Americas – MAM Green Investments, to share their thoughts on the impacts of the upcoming election. https://macq.co/6009UKRL9

Today, MAM-managed The Infrastructure Fund, State Super (SAS Trustee Corporation) and Australian Retirement Trust, announced an agreement for the sale of their combined 74.25% interest in Queensland Airports Limited (QAL) to a consortium comprising global investment firm KKR and the Skip Essential Infrastructure Fund. QAL’s portfolio, comprising Gold Coast, Townsville, Mount Isa and Longreach airports, services travellers across more than 40 domestic and international routes, with nearly 66,700 annual aircraft movements. The shareholder group has made significant investments to upgrade and expand the capacity and customer experience at QAL airports, which contributed to a competitive process and strong outcome for their investors and members, and the local communities served by these important transportation assets. Read more: https://macq.co/6049os4RJ

Today, Macquarie Asset Management announced an investment in DESRI, part of The D. E. Shaw Group and a leading renewable energy company that develops, owns and operates utility-scale solar, wind, and battery storage projects throughout the United States. We share a goal with DESRI of helping to accelerate energy transition by building and making operational high quality renewable energy projects. With the amount of infrastructure investment needed to bring the electrical grid in line with government and business energy transition targets measured in the trillions of dollars, this underscores the significant opportunity for mature renewable investment in the region. See the press release: https://macq.co/6003omhM5

We’re getting ready for our EMEA Asset Leadership Forum this week. Fostering connectivity and collaboration, this annual gathering of leaders from across our EMEA portfolio companies is a valuable forum for sharing ideas and identifying opportunities, navigating challenges together and building relationships across the wider Macquarie Asset Management family. Amongst a wide range of opportunities across our portfolio companies, we will explore key areas of operational and transformational focus, including continued investment to improve the quality and resilience of existing operations, safety, talent and culture, technology and cyber security. Our 180+ portfolio companies globally are an essential part of the communities in which we operate around the world. There is a lot of inspiring activity taking place across our portfolio company community, and we continue to see significant opportunity ahead to deliver positive impact. #EMEAALF2024

Both in Europe and globally, solar remains the fastest growing renewable energy technology, according to Solar Power Europe. Our portfolio company Cero Generation is at the core of the industry, as one of Europe’s leading independent solar and energy storage power producers. Since establishing the business in 2021, Macquarie has been supporting Cero’s dynamic growth journey. #SolarEnergy ##SolarTech #EuropeanSolar #EnergyTransition

Last week we announced an agreement for the sale of the entirety of our interest in AirTrunk, alongside our co-investor PSP Investments, through a transaction that implies an enterprise value* of over $A24 billion – an outstanding outcome for our investors. This was the result of a genuine partnership between MAM, PSP Investments and AirTrunk, which saw our teams in Asia Pacific support AirTrunk in expanding its footprint across key markets in the region, achieving a more than eightfold increase in contracted capacity. This transaction demonstrates our ability to identify, invest in, and nurture digital infrastructure assets that are resilient, scalable and pivotal in meeting today’s burgeoning demand for data, cloud services and the adoption of artificial intelligence. As the world’s largest infrastructure manager, we are committed to leveraging our global expertise and local insights to continue growing businesses and actively shaping industries, generating superior value for our investors and the communities we serve. Read more: https://macq.co/6040WkcJw *Including capital expenditure for committed projects.