Macquarie, Everbright Reach $729M For Infrastructure Fund

Macquarie Group and China Everbright Ltd. have raised $729 million for their Greater China infrastructure fund, Reuters reported. The first close, announced Tuesday, includes $479 million from institutional investors including PGGM, the second largest pension manager in the Netherlands, and the Korean Teachers' Credit Union, Korea's second largest pension plan, Reuters said. The fund will focus on infrastructure projects such as toll roads, airports and railways in China, Hong Kong and Taiwan.

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