Articles from Macquarie Asset Management

Macquarie Asset Management (“MAM”), DESRI and the D. E. Shaw group announce that MAM has completed a previously announced significant minority investment in DESRI via several MAM-managed funds. DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. The investment is intended to enable DESRI to continue its growth and enhance its market-leading position.

Macquarie Asset Management today announced that a fund managed by Macquarie Asset Management has entered into a definitive agreement to acquire a 40% equity stake in select U.S. Gulf Coast infrastructure assets of Dow Inc. (“Dow”) (NYSEDOW).

Macquarie Asset Management is pleased to announce the publication of its Outlook 2025, providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead.

Macquarie Asset Management (“MAM”), DESRI, and the D. E. Shaw group announce that MAM has agreed to acquire a significant minority stake in DESRI via a number of MAM-managed funds. The MAM-managed funds include Macquarie Global Infrastructure Fund (“MGIF”), Macquarie Green Energy and Climate Opportunities Fund (“MGECO”) and Macquarie Energy Transition Infrastructure Fund International (“METI”). DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. This investment of up to approximately $US1.725 billion is intended to enable DESRI to continue its growth and enhance its market-leading position.

Macquarie Asset Management today announced the launch of Macquarie Focused Emerging Markets Equity ETF (EMEQ), which began trading on the Nasdaq Stock Market today. The new exchange-traded fund (ETF) is managed by the firm’s Emerging Markets Equity Team, led by Liu-Er Chen, CFA. The experienced team, with $US8.3 billion in assets under management, has applied its investment philosophy consistently for more than two decades and believes that the combination of secular growth opportunities, high-conviction stock selection, and valuation discipline can provide the foundation for strong long-term investment returns.

Macquarie Asset Management and Sol Systems jointly announced a $US85 million debt investment in support of the construction and operation of five utility-scale solar projects located in Illinois and Ohio. The investment marks the first tranche of a planned broader collaboration between the companies.

Macquarie Asset Management today announced the launch of the Macquarie Focused Large Growth ETF (LRGG), which began trading on the NYSE Arca today. The new offering is managed by the firm’s large-cap growth team, Bradley Klapmeyer and Bradley Angermeier, as they bring their quality-first investment philosophy to clients looking for more flexibility and choice in investment vehicles.

Today, Macquarie Asset Management announced plans to transition to a unified brand structure in the US wealth channel, featuring “Macquarie” as the flagship product brand for all investment solutions. The initiative aims to simplify the client experience and reinforce Macquarie’s commitment to excellence in global investment capabilities and platform expertise, while delivering sustained, superior results over the long term.

Macquarie Asset Management has today published its Outlook 2024, providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead.

Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit. In this role, he will have overall responsibility for the firm’s Leveraged Credit capabilities including portfolio, team and business management, including being named a portfolio manager on the team’s registered high yield and bank loan funds in the US.

Macquarie Infrastructure Partners V (“MIP V”), an Americas-focused unlisted infrastructure fund managed by Macquarie Asset Management, announced today that it has entered into an agreement to invest in Corredor Logística e Infraestrutura S.A. (“CLI”), a Brazilian port terminal operator. MIP V’s investment in CLI will be via a primary issuance and after closing, MIP V will hold a 50% co-control stake alongside CLI’s current owner, funds managed by private equity manager IG4 Capital. In addition to its 50% voting stake, MIP V will also subscribe for new preferred shares issued by CLI.

Macquarie Asset Management’s Green Investment Group (GIG) and Galehead Development (Galehead) today announced the close of an investment by GIG in Galehead, a leading US-based renewable energy development platform and trusted partner to global utilities, independent power producers and large US corporates for planning, managing and delivering renewable energy projects.

Today, Delaware Investments National Municipal Income Fund (NYSE American: VFL) (the “National Muni Fund”) a New York Stock Exchange–listed closed-end fund trading under the symbol “VFL,” declared a monthly distribution of $0.0450 per share. The monthly distribution is payable June 24, 2022, to shareholders of record at the close of business on June 17, 2022. The ex-dividend date will be June 16, 2022.

Macquarie Asset Management, the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the completion of its acquisition of Central Park Group, LLC, an independent investment advisory firm that specializes in institutional-quality alternative investment strategies for high-net-worth investors.

The Boards of Trustees / Directors of Delaware Investments National Municipal Income Fund (NYSE American: VFL) (the “Acquiring Fund”), Delaware Investments Colorado Municipal Income Fund, Inc. (NYSE American: VCF) (the “Colorado Muni Fund”) and Delaware Investments Minnesota Municipal Income Fund II, Inc. (NYSE American: VMM) (the “Minnesota Muni Fund”) today announced that the anticipated closing date of the acquisition of the Colorado Muni Fund and the Minnesota Muni Fund by the Acquiring Fund (the “Transaction”), is February 11, 2022, at approximately 5:00 p.m. Eastern daylight savings time. The transaction is expected to be tax-free and is pursuant to an Agreement and Plan of Acquisition (the “Plan of Acquisition”) approved by shareholders at the Joint Annual Meeting of Shareholders (the “Annual Meeting”) held on October 11, 2021, adjourned to November 9, 2021.

Macquarie Asset Management (“MAM”) today announced the appointment of John Pickard as Deputy Head of Equities, effective 1 November 2021.

Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG), today announced that it has agreed to acquire New York-based Central Park Group (CPG), an independent investment advisory firm delivering private client access to institutional hedge fund, private equity, real estate and funds-of-funds. The agreement underscores MAM’s commitment to offering individual investors a diversified platform of institutional-quality alternative investments managed by Macquarie and other leading sponsors.

Macquarie Asset Management today announced the final close of Macquarie Infrastructure Partners V (“MIP V”) after reaching $US6.9 billion in commitments.

Macquarie Asset Management has reaffirmed its commitment to managing its portfolio in line with net zero emissions by 2040 with the release of its latest Sustainability Report. Macquarie Asset Management has also become one of the first large asset managers to sign The Climate Pledge, joining a global coalition of more than 100 climate leaders who share the ambition of achieving the goals of the Paris Agreement 10 years early.

Macquarie Asset Management (“MAM”) and Ontario Teachers’ Pension Plan Board (“Ontario Teachers'”) today announced the signing of an agreement to jointly acquire a 31.6 per cent stake in Puget Holdings (“Puget”) from Canada Pension Plan Investment Board (“CPP Investments”). Puget’s primary operating subsidiary, Puget Sound Energy (PSE), is the oldest and largest electric and natural gas utility in the State of Washington, serving approximately 1.2 million electric customers and 900,000 natural gas customers in the Puget Sound region. MAM and Ontario Teachers' will each hold a 15.8 per cent stake in Puget after the close of the acquisition.

Macquarie Asset Management (Macquarie) and Wilshire Advisors LLC (Wilshire) today announced that Delaware Wilshire Private Markets Fund (the Fund), a first-of-its-kind offering, is available for accredited investors, providing efficient access to an institutional-quality diversified private markets portfolio, including private equity, private credit, alternative yield, and private real assets.

Macquarie Asset Management today announced the appointment of Michael Kopfler as Global Head of Equity Trading reporting to John Leonard, Global Head of Equities at the firm. In this role, Michael will be responsible for the strategic direction, daily operation, and management of Macquarie Asset Management’s global equity trading desk, including maximizing technology and analytics and implementing innovative trading solutions to enhance client outcomes.

Macquarie Asset Management (“MAM”) today announced the launch of The Sharpe Advisor, a specialized digital resource for financial advisors that provides comprehensive educational content on private markets. With education as a key driver of success in bringing alternative investment solutions to financial advisors and their clients, Macquarie Asset Management aims to serve advisors with a practical guide to private markets investing with specialized content from industry experts and experienced allocators across asset classes.