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Laxman Pai, Opalesque Asia:

The world's largest infrastructure asset manager Macquarie Group Ltd.'s asset-management arm closed a US$4.2 billion Asia-Pacific regional infrastructure fund that exceeded the US$3.0 billion target.

"The successful fundraise brings total capital managed under the manager's Asia-Pacific Infrastructure Fund series, dedicated to investing in Asia-Pacific infrastructure, to over $US15 billion," said the Australian global financial services group in a press release.

The fund received the commitments from a diverse range of returning and new institutional investors, including pension funds, insurance companies, and sovereign wealth funds, Macquarie said.

"The infrastructure markets across Asia-Pacific have been maturing at a particularly fast rate, and our clients continue to value the investment merits brought by infrastructure," said Frank Kwok, head of Macquarie Asset Management's real assets business in Asia-Pacific.

"Leveraging our local relationships and experience in managing funds in Asia-Pacific, we remain focused on identifying proprietary investment opportunities through our network for our clients," said Verena Lim, Head of Investments for the Macquarie Asia-Pacific Infrastructure Fund series.

Last year, Macquarie's asset management unit had raised $6.9 billion for its fund dedicated to investing in North American infrastructure as U.S. lawmakers negotiated a plan to spend $1.2 trillion over five years on pu......................

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