Macquarie Investment Management

What Macquarie Investment Management does

Macquarie Investment Management is the US-registered investment adviser (RIA) brand of Macquarie Asset Management (MAM), the global asset management division of Macquarie Group Limited (ASX: MQG), an Australian-listed financial services group founded in 1969. MAM operates A$722.1 billion of assets under management as of 31 March 2026, with 1,735 staff operating in 19 markets and a portfolio of more than 190 companies spanning 33 markets. The US RIA entity, established in 1984 and headquartered in Philadelphia, distributes and manages US mutual fund and ETF products.

MAM invests across six core strategies — Infrastructure, Credit, Real Estate, Green Investments, Wealth Solutions and Insurance, and Secondaries — and across asset classes including agriculture, private credit, and private equity. Recent activity shows heavy deployment into digital infrastructure (Aligned Data Centers, Applied Digital, VIRTUS, Nexamp, IHS Latin American towers), regulated utilities (Southern Water, Cleco), transportation and logistics (Qube Holdings, Energy Assets, Last Mile Infrastructure, CLI ports), and energy transition (Vertelo India EV, SkyNRG sustainable aviation fuel, Calibrant Energy).

The firm earns revenue primarily through asset-management fees calculated on AUM, supplemented by performance fees, transaction fees, and principal investment returns on balance-sheet co-investments. End customers are institutional investors — pension funds, sovereign wealth funds, insurers, and family offices — accessed via closed-end funds, separately managed accounts, and a growing US ETF shelf (notably the HTAX municipal bond ETF and Focused International Core Equity ETF launched in 2025). Distribution is conducted through local investment teams across Sydney, New York, London, Frankfurt, Stockholm, Munich, Lima, São Paulo, and Asian hubs, with deal sourcing and asset management executed locally under the parent's global brand and capital base.

Name

Macquarie Investment Management

Legal name

Macquarie Asset Management

Website

https://macquarieim.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

51–100 employees

Short description

Macquarie Asset Management (MAM), the A$722.1B asset-management division of Macquarie Group, invests across infrastructure, credit, real estate, and green strategies via closed-end funds and separately managed accounts for institutional LPs, with a US-registered RIA (Macquarie Investment Management) distributing ETFs and mutual funds.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Asset management services
• Infrastructure investments
• Private credit markets
• Real estate funds
• Wealth management solutions

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Macquarie Asset Management earns fees based on assets under management (AUM) of approximately $A722.1 billion as of 31 March 2026. Fees are typically charged as a percentage of AUM to institutional and wealth clients across infrastructure, real estate, credit, green investments, and other strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Macquarie Investment Management operates as Macquarie Asset Management, a global asset management business managing approximately $A722.1 billion in assets across infrastructure, credit, real estate, green investments, wealth, secondaries, agriculture, and insurance strategies. The firm serves institutional investors, governments, family offices, and financial advisers through sector-specialized investment mandates in 19 markets, supported by a portfolio of 190+ operating companies.

Product overview

Macquarie Asset Management is a leading global asset manager offering a diversified range of investment solutions including real assets, real estate, credit, and specialized strategies. The firm operates as a platform with multiple core capabilities: Infrastructure, Credit, Real Estate, Green Investments, Wealth, Secondaries, Agriculture, and Insurance. As of March 2026, the firm manages approximately $A722.1 billion in assets globally, with 1,735 people operating in 19 markets and over 190 portfolio companies. The investment solutions are delivered to institutional investors, wealth clients, and financial advisers through its integrated platform approach.

Differentiator

Problem solved

Functional benefit

Brands

• Macquarie Alliance Partners Infrastructure Fund (MAPIF): First dedicated infrastructure secondaries strategy of Macquarie Asset Management, targeting seasoned fund managers and core infrastructure sectors globally with capital drawn from pension funds, insurance companies, and family offices across EMEA, APAC, and the Americas.
• MAPIF (Macquarie Alliance Partners Infrastructure Fund)

Products and services

• Macquarie National High-Yield Municipal Bond ETF (HTAX) Actively managed exchange-traded fund investing in high-yield municipal bonds, listed on the NYSE under ticker HTAX, with a 0.49% expense ratio. Designed for investors seeking tax-efficient income from municipal bond markets.
• Focused International Core Equity ETF Exchange-traded fund providing focused exposure to international developed-market equities through a core equity strategy. Designed for investors seeking international equity diversification.
• Macquarie Alliance Partners Infrastructure Fund (MAPIF) Dedicated infrastructure secondaries fund, Macquarie Asset Management's first such strategy, targeting seasoned fund managers and core infrastructure sectors globally with capital drawn from pension funds, insurance companies, and family offices across EMEA, APAC, and the Americas. Closed with $711 million in total commitments.
• Infrastructure Investment Mandates Investment mandates across global infrastructure assets including utilities, transport, digital, and energy assets relied on by more than 310 million people daily. Available to institutional investors, governments, and wealth clients through direct mandates and fund vehicles.
• Global Credit Platform Comprehensive global credit platform spanning private credit, CLOs, and other credit strategies seeking to deliver compelling investment outcomes for institutional clients. Issued over US$1.6 billion in CLO pricing as of July 2026.
• Real Estate Investment Strategies Real estate investment strategies that invest in and partner with sector operators to access high-conviction real estate opportunities across global markets, including rental housing platforms such as Goodstone in the UK.
• Green Investments and Decarbonisation Solutions Green investment strategies creating decarbonisation solutions for clients and investee companies, spanning renewable energy, energy storage, sustainable aviation fuel (e.g., SkyNRG's DSL-01 facility), and other energy-transition assets.
• Agriculture Investment Strategies Investment strategies addressing global food, climate, and biodiversity challenges while seeking to generate attractive risk-adjusted returns for institutional clients in agricultural assets.
• Insurance Asset Management Solutions Strategic partnership offering for global insurers across asset management, outsourced CIO services, and reinsurance (including InEvo Re, a Bermuda-based specialist life reinsurer backed by Macquarie).
• Infrastructure Wealth Solutions Market-leading infrastructure capabilities and expertise distributed to wealth clients globally, including private wealth and high-net-worth individuals, in partnership with wealth distributors such as Cathay United Bank.

Quantifiable outcome

• Assets under management of $A722.1 billion as at 31 March 2026
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 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 strategic.

• Calibrant EnergystrategicTechnology or Integration · 11 June 2026Macquarie Asset Management facilitated a partnership between its portfolio companies Calibrant Energy and Aligned Data Centers to develop a 31 MW/62 MWh on-site battery energy storage system (BESS) at Aligned's Hillsboro, Oregon campus. This is the first purpose-built BESS specifically designed to accelerate data centre interconnection in the US, enabling the data centre to come online years ahead of conventional grid upgrade timelines.
• Cathay United BankstrategicGTM or Marketing Partner · 19 December 2025Cathay United Bank partnered with Macquarie Asset Management to offer private infrastructure investment solutions to high-net-worth clients, focusing on renewable energy, power-grid upgrades, energy-storage systems, and circular-economy infrastructure. The collaboration provides clients with access to international energy transition and infrastructure development opportunities while advancing Cathay United Bank's financial internationalization strategy.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Brookfield Asset Management: Brookfield Asset Management is one of the largest global alternative asset managers with a similarly broad infrastructure, real estate, renewable energy, and credit platform. Both firms compete head-to-head for institutional infrastructure mandates, pursue megadeal consortium structures, and emphasize inflation-linked long-duration cash flows from operating asset portfolios.
• KKR: KKR operates a large global alternative asset platform with significant infrastructure, real estate, credit, and equity strategies. Both firms pursue institutional infrastructure investing with similar megafund structures, multi-strategy platforms, and emphasis on energy transition themes including digital infrastructure and renewables.
• Apollo Global Management: Apollo is a major alternative asset manager with deep credit, real estate, and infrastructure capabilities. Both firms emphasize institutional and insurance balance sheet solutions, originate and manage large-scale private credit and infrastructure transactions, and pursue yield-oriented strategies for sophisticated institutional clients.
• EQT AB: EQT is a European-headquartered alternative asset manager with strong infrastructure and private equity platforms. Both firms emphasize sustainability-linked infrastructure, energy transition, and digital infrastructure themes, and EQT is a frequent co-investment partner and competitor in European infrastructure transactions.
• IFM Investors: IFM Investors is an Australian infrastructure-focused asset manager owned by industry superannuation funds. Both firms compete directly for Australian infrastructure mandates (Qube, energy assets), pursue similar sector specializations in infrastructure and energy transition, and serve pension fund and institutional clients in the Oceania region.
• Partners Group: Partners Group is a Swiss private markets investment manager with infrastructure, private equity, private debt, and real estate capabilities. Both firms pursue global institutional mandates across infrastructure themes, including energy transition and digital infrastructure, with similar multi-strategy fund structures and pension fund client bases.
• Antin Infrastructure Partners: Antin is a European-headquartered infrastructure-focused investment manager. While smaller in scale than Macquarie Asset Management, both firms compete directly for mid-to-large European infrastructure transactions, particularly in energy, digital infrastructure, and utilities, with similar institutional LP client bases.

Broad incumbents

• BlackRock: BlackRock is the world's largest asset manager with broad multi-asset capabilities including the recent acquisition of Global Infrastructure Partners (GIP). It is a comparable broad incumbent offering infrastructure, real estate, and credit strategies, and acquired Macquarie's Aligned Data Centers for US$40 billion, demonstrating direct competitive overlap in digital infrastructure.
• Carlyle Group: Carlyle is a major US-headquartered alternative asset manager with global infrastructure, real estate, credit, and equity platforms. Both firms pursue comparable institutional mandates across infrastructure asset classes and energy transition themes, though Carlyle's broader portfolio spans more buyout and growth equity activity.

Emerging players

• StepStone Group: StepStone is a global private markets investment manager with growing infrastructure secondaries capabilities. Both firms compete in the infrastructure secondaries market where Macquarie recently launched MAPIF, with StepStone representing an emerging competitor in this specific high-growth segment.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/macquarie-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Macquarie Investment Management