Macquarie, through Macquarie Infrastructure and Real Assets (MIRA), is a global leader in the creation and management of specialist funds which focus on infrastructure, real estate and adjacent sectors. As at 31 December 2011, MIRA had more than €71 billion of assets under management through a range of listed and unlisted vehicles investing in toll roads, airports, communications infrastructure, renewable energy, utilities, transport, directory services, aged care and commercial real estate.
This global investment portfolio includes businesses located in Belgium, Denmark, France, Germany, Poland, Czech Republic, Spain, Sweden, Russia and the United Kingdom.
As a responsible manager, Macquarie is committed to providing information in relation to its funds and the companies in which they invest, and to meeting relevant guidelines.
We are a committed investor in infrastructure and aim to manage the businesses in which we invest profitably and responsibly. We take a partnership approach, working with local management teams and bringing specialist strategic, commercial, operational and financial expertise. Within MIRA we have a global team, many with deep operational expertise, supporting the businesses in which we invest. Specific industry-based teams, such as airports and utilities, enhance the performance of these businesses over the long term.
In addition to its flagship infrastructure funds, MIRA also manages a number of non-infrastructure funds including private equity funds.
MIRA's European infrastructure funds (the "Funds") are managed by Macquarie Infrastructure and Real Assets (Europe) Limited (MIRAEL). MIRAEL is a wholly-owned member of the Macquarie Group, and is authorised and regulated by the Financial Services Authority under the UK Financial Services and Markets Act 2000.
Funds managed by MIRAEL include:
Macquarie European Infrastructure Fund 1 (MEIF), Macquarie European Infrastructure Fund 2 (MEIF 2) and Macquarie European Infrastructure Fund 3 (MEIF 3) are 10 year funds (before any possible extensions). These Funds take a long-term perspective when acquiring and managing assets, seeking to develop investments profitably and responsibly. As manager, MIRAEL is committed to providing relevant information in relation to both the Funds and the portfolio companies in which they invest, and to meeting relevant guidelines in this respect, including the British Venture Capital Association's 'Guidelines for Disclosure and Transparency in Private Equity'.
MIRAEL also acts as adviser to other Macquarie Group investment vehicles that have interests in Europe.