Macquarie fund cleans-up
Bruce Murphy
Superannuation funds and institutional investors from Australia, North America and Europe have been the key investors in the Macquarie Funds Management Group’s Clean Technology Fund.
Announcing the pending second close of the fund in four weeks time, Macquarie Funds Management head of distribution Bruce Murphy said a total of US$153 million had been invested in the strategy to date.
He said the fund was targeting wholesale superannuation fund investors looking for private equity ‘fund of funds’, which provide exposure to a rapidly growing international sector.
Murphy said that the fund had a diversified mix of investments across various fund managers, geographical locations, investment stages and clean energy sectors.
AUTHOR
Mike Taylor
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