Macquarie said that MMIF is solely focused on investment opportunities in Mexican infrastructure projects. The fund will target investments across infrastructure asset classes that include roads and rail, airports and ports, water and wastewater, energy and utilities as well as social and communications infrastructure.
Mexico’s national infrastructure fund, Fonadin has made an initial commitment of approximately Ps$1.04bn to MMIF. Fonadin has also agreed to invest up to a total of Ps$3bn as a cornerstone investor in the fund. Seven of the leading Mexican pension funds have committed an additional Ps$3.42bn to the fund. Macquarie has committed Ps$750m to the fund.
Mark Ramsey, executive director and president of Macquarie Capital in Mexico, said: “MMIF is an attractive investment opportunity that provides Mexican and international institutions with a vehicle to invest in a domestic infrastructure portfolio and contribute to the nation building goals set out in the government’s infrastructure plan.
“We are delighted to have Fonadin and the country’s leading pension funds as cornerstone investors in the fund and look forward to a long and successful partnership with them. Mexico’s federal government and Fonadin have established a clear and ambitious infrastructure program and Macquarie is optimistic about the role our fund will play in facilitating additional private sector investment into that program.”
