Carey Olsen has advised Macquarie Infrastructure Debt Investment Solutions (MIDIS) on the launch of its UK inflation-linked infrastructure debt fund.
The debt fund attracted total commitments of approximately £740 million at final close.
The transaction brings total awarded mandates for MIDIS’ global infrastructure debt platform, which included both pooled funds and separately managed accounts, to over £2.5 billion.
Alter Domus has been appointed as administrator of the new fund.
The fund will focus on investment in investment grade, inflation-linked debt of infrastructure borrowers in the UK. It will aim to make investments in borrowers that provide essential services to the community such as, gas, electricity, water, transportation and waste disposal, as inflation-linked revenue streams are more common in these infrastructure sub-sectors.
The Carey Olsen team was led by Guernsey funds partner David Crosland and senior associate Gemma Campbell who advised on the launch alongside international law firm Linklaters LLP.
Crosland commented: "For MIDIS to have exceeded its fundraising target at a challenging time for infrastructure funding is testament to the strength of Macquarie's reputation and the unique investment objectives of the fund. With a 30-year life, the fund provides a long-term commitment to Guernsey's fund industry."
