Published on 30 Jul 2021 on Reuters via Yahoo Finance
Exclusive-Macquarie raises $6.9 billion for North America infrastructure fund
By Chibuike Oguh
(Reuters) - Macquarie Group Ltd's asset management division has raised $6.9 billion for its latest fund dedicated to investing in North American infrastructure, well over its $5 billion target, the Australian bank told Reuters on Tuesday.
The fundraising was completed as U.S. lawmakers negotiate a plan to spend $1.2 trillion over five years on roads, bridges, ports and other public works projects, with some of the financing coming from private investors.