King & Wood Mallesons (KWM) advised Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, on the close of its second Asian regional infrastructure fund (MAIF2), with $US3.3 billion in investor commitments.
MAIF2 has attracted interest from a diverse group of returning and new investors across Asia-Pacific, North America, Middle East and Europe - with more than $US1.7 billion of capital already committed across toll roads, renewables and petrochemical storage assets in India, the Philippines, Singapore and China.
A cross-border KWM team across Hong Kong and Singapore acted as international counsel for MIRA, led by Partner Hayden Flinn and supported by Special Counsel Suzanne Gibson and Senior Associate Torrin Nicolson.
Commenting on the transaction, Hayden Flinn said “we are proud to have advised long-term client MIRA on the establishment of this strategic fund, which will capitalise on Asia’s maturing infrastructure market is to provide attractive investment opportunities across diverse sectors. KWM’s Hong Kong team previously advised MIRA on its first MAIF fund which closed in early 2016 and is now fully deployed across seven countries in Asia-Pacific.”