Macquarie Infrastructure and Real Asset

What Macquarie Infrastructure and Real Asset does

Macquarie Asset Management (MAM), the asset management arm of Macquarie Group Limited (ASX: MQG), is one of the world's largest infrastructure and real asset managers with approximately $A722.1 billion of assets under management as at 31 March 2026. The platform operates globally across 30 markets with 1,735 people in 19 markets and a portfolio of 190+ infrastructure, green investment and real estate companies operating across 33 markets that collectively employ more than 240,000 people and serve more than 310 million end-users daily. Headquartered in Sydney, Australia, with global heritage dating to Macquarie Group's 1969 founding, MAM offers eight core capabilities: Infrastructure, Credit, Real Estate, Green Investments, Wealth, Secondaries, Agriculture, and Insurance.

The firm makes money primarily through management fees on AUM, supplemented by performance fees, transaction fees, and credit/wealth platform economics, with a subscription-style recurring revenue model characteristic of institutional asset management. Distribution is multi-channel: dedicated institutional investor relations teams sell into pension funds, sovereign wealth funds, insurance companies, and endowments; a wealth platform serves global wealth clients; and an Australian financial adviser network provides individual investor access. Customer segments split across Institutional Investors, Individual Investors (via wealth and adviser channels), and Portfolio Companies (operating infrastructure assets such as utilities, telecommunications towers, toll roads, and renewable energy platforms). Recent portfolio activity demonstrates capital recycling across regulated utilities (Cleco Power up to $8.3B exit, Stonepeak/Bernhard Capital), Indian toll-road concessions (Safeway to VINCI Highways, ~$1.6–1.7B), Indian renewables (Vibrant Energy to Inox, $200M), and a $952M entry into Latin American telecom towers via IHS Towers' Brazil and Colombia assets, alongside a leadership build-out in India under new Head of Real Assets Prateek Jhawar.

The platform-plus-capabilities architecture leverages shared origination and operating support across infrastructure, credit, real estate, green investments, wealth, secondaries, agriculture, and insurance, enabling shared diligence and portfolio management infrastructure to be deployed across multiple fund strategies. No proprietary consumer software product is offered; the offering is institutional investment management rather than a packaged technology platform.

Name

Macquarie Infrastructure and Real Asset

Legal name

Macquarie Group Limited

Website

https://mirafunds.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Macquarie Asset Management (MAM), the asset management arm of Macquarie Group Limited (ASX: MQG), manages approximately $A722.1 billion across infrastructure, real estate, green investments, credit, wealth, secondaries, agriculture, and insurance for institutional and individual investors globally.

Ownership category

akta.pro rank

Product category

Infrastructure Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Infrastructure asset management
• Alternative investment management
• Private credit funds
• Real estate investments
• Green investment strategies

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Generates revenue through management fees on assets under management across infrastructure, green investments, real estate, credit, and other alternative asset classes.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Macquarie Infrastructure and Real Asset (MIRA), operating as Macquarie Asset Management, is the alternative asset management division of Macquarie Group. It manages A$722.1 billion across infrastructure, credit, real estate, green investments, wealth, secondaries, agriculture and insurance strategies for institutional and wealth clients, holding 190+ portfolio companies across 33 markets.

Product overview

Macquarie Asset Management is a global asset manager offering a diverse range of investment solutions across eight core capabilities: Infrastructure, Credit, Real Estate, Green Investments, Wealth, Secondaries, Agriculture, and Insurance. The firm manages approximately $A722.1 billion in assets through a platform-plus-capabilities model, with 1,735 people operating across 19 markets managing 190+ portfolio companies that employ more than 240,000 people globally. Rather than a unified software product, Macquarie Asset Management provides investment management services to institutional investors, individuals, and communities.

Differentiator

Problem solved

Functional benefit

Brands

• 2degrees: New Zealand-based full service telecommunications provider
• Ventos de São Zacarias
• Goodstone

Products and services

• Infrastructure Direct infrastructure investment management covering equity and debt strategies across transport, energy, utilities, digital and social infrastructure for institutional investors.
• Credit Private credit investment strategies providing debt capital to corporate and infrastructure borrowers, including asset-backed and direct lending.
• Real Estate Real estate investment management across logistics, office, residential, retail and specialty real estate strategies for institutional clients.
• Green Investments Sustainable and green investment strategies that finance and operate renewable energy, energy transition and climate solutions assets for institutional investors.
• Wealth Wealth management solutions that deliver access to Macquarie Asset Management's alternative strategies to high-net-worth and advised individual investors via wealth platforms.
• Secondaries Secondary market investment solutions providing liquidity and exposure to mature alternative assets for institutional buyers and sellers.
• Agriculture Agricultural investment management covering farming, agribusiness and food-related assets for institutional investors seeking real-asset exposure.
• Insurance Insurance-linked investment strategies designed to partner with insurers and asset owners on insurance-balance-sheet and insurance-investment mandates.

Quantifiable outcome

• Assets under management of $A722.1 billion
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered major and core.

• MTN GroupmajorStrategic or Co-development Partner · 18 February 2026MTN Group has entered into a definitive agreement to acquire IHS Towers for approximately $6.2 billion. This represents a reversal of MTN's asset-light strategy as they seek to regain direct control of tower infrastructure to cut energy costs and accelerate 5G deployment.
• Prateek JhawarcoreOthers · 8 December 2025Macquarie Asset Management appointed Prateek Jhawar as Head of Real Assets for India, effective January 2026, to oversee infrastructure and green investments in sectors like energy transition, transport, and social infrastructure.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Brookfield Asset Management: Brookfield is one of the world's largest alternative asset managers with a leading infrastructure and real estate platform that directly competes with MIRA across institutional LPs, infrastructure origination, and renewable/green investments.
• Blackstone: Blackstone operates the world's largest alternatives platform with sizable real estate and infrastructure franchises, directly overlapping with MIRA on large-cap infrastructure transactions and data-center investing.
• KKR: KKR's Global Infrastructure and Real Estate strategies directly compete with MIRA for institutional capital and core infrastructure deal flow, including the digital infrastructure/data-center opportunities MIRA pursues.
• Stonepeak: Stonepeak is a pure-play infrastructure manager that recently acquired Cleco Power from a MIRA-led consortium (up to $8.3B), positioning it as a direct rival for North American infrastructure transactions.
• IFM Investors: IFM is a global infrastructure asset manager backed by Australian industry super funds, directly competing with MIRA in core infrastructure, energy transition, and institutional pooled-fund mandates.
• DigitalBridge: DigitalBridge is a specialist digital infrastructure investor and is identified alongside MIRA as a top-10 real estate investor in data centers, competing for the same AI/cloud-driven tower and data-center assets.
• Global Infrastructure Partners (BlackRock): GIP, now part of BlackRock, is a leading global infrastructure manager directly competing with MIRA across energy, transport, and digital infrastructure with comparable multi-billion-dollar fund vehicles.

Broad incumbents

• APG Asset Management: APG is one of the world's largest pension asset managers with a major infrastructure and real estate allocation; it is a major institutional LP and competitor to MIRA for co-investment deals in OECD infrastructure.

Emerging players

• Partners Group: Partners Group is a Swiss-listed private markets manager with a meaningful infrastructure franchise, overlapping with MIRA in mid-to-large core-plus and greenfield infra origination for global institutional clients.

Regional players

• AustralianSuper / Australian Retirement Trust: Large Australian super funds operate sizable direct infrastructure programs that compete regionally with MIRA for Australian and trans-Tasman infra opportunities, often either partnering with or in parallel to MIRA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/macquarie
• Facebookfacebook.com/MacquarieGroup
• LinkedInlinkedin.com/company/macquarie-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Macquarie Infrastructure and Real Asset