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What's New In Investments, Funds? - FinecoBank, MAPFRE

Editorial Staff

8 September 2020

FinecoBank
, have launched an infrastructure fund of at least €200 million ($236 million) with the Australian financial services group Macquarie. 

MAPFRE will contribute an initial capital of €50 million and invite other institutional investors and private banking clients to participate in the fund under a co-investment model.

The new vehicle is called MAPFRE Infraestructuras FCR. 

MAPFRE and Abante will work together with Macquarie’s MIRA to choose the most appropriate investments within the portfolio of strategies that the Australian manager has in place, which include renewable energy, transport, communications, public services and waste management. In addition, the two partners will be able to serve on the Macquarie funds oversight committees.

Abante and MAPFRE formed their strategic alliance a year ago. At the end of June, together with Abante and in alliance with Altamar, MAPFRE made its debut in the private equity segment with a fund of funds of up to €250 million.