Australia’s Macquarie Group has collected $408 million in the first phase of its Mexican infrastructure fund, The Wall Street Journal reports. The vehicle, Macquarie’s first in Latin America, will invest in at least five infrastructure projects.
Macquarie has put $58.9 million in the fund, while the government infrastructure fund, Fonadin, invested over $78.6 million. Seven Mexican pension funds have contributed a combined $267.3 million. Macquarie expects the fund to reach around $786 million.
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[...] Mexican pension funds have also been investing in infrastructure. Last week, infrastructure manager Macquarie announced seven pension funds have invested MXN3.42bn in the Macquarie Mexican Infrastructure Fund, representing 66% of the total assets under management. (Global Pensions; January 15, 2009) Tags: Mexican Economy, Mexico’s Economy, Mexicos Pension Fund No comments currently exist for this post. Did You like?Post Your Rants Click here to cancel reply. [...]