Macquarie secures €1.25 billion infrastructure debt mandate from MN

Macquarie Infrastructure Debt Investment Solutions (MIDIS), part of Macquarie Group's asset management arm, has secured a €1.25 billion infrastructure debt mandate from MN, a Dutch asset manager. 

MIDIS secured the mandate following an extensive selection process conducted by MN and will be responsible for building a diversified portfolio of debt investments in Western Europe across the renewable energy, transport, telecommunications and social infrastructure sectors. The mandate represents the first allocations to infrastructure debt made by Pensioenfonds Metaal & Techniek (PMT) and Pensioenfonds Metalektro (PME), which manage a combined €143 billion for employees and businesses in the Dutch metal industry.

Tim Humphrey, Co-Head of MIDIS, said: "We are delighted that MN has selected MIDIS to manage the first investments by PMT and PME in infrastructure debt. The asset class is increasingly being recognised by pension funds for the attractive risk-adjusted returns and defensive characteristics it can bring to a portfolio. Infrastructure debt has proven its resilience during the pandemic, and we expect to see more institutional investment flow into the sector."

Markus Schaen, Senior Fund Manager at MN, said: "This mandate offers PMT and PME a positive opportunity to further diversify their portfolios and gain exposure to this growing asset class."