Macquarie Group raises $3.33bn

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Macquarie Group has raised $3.33 billion to date for its Macquarie Infrastructure Partners IV. The fund’s target was set at $4 billion.

Some of the fund’s investors include New Mexico State Investment Council, Korean Teachers Credit Union (KTCU), Public Officials Benefit Association, ING Life Insurance of Korea, State Universities Retirement System of Illinois (SURS). 

The fund will target buyout strategy in energy, transport, energy and utilities, telecommunication assets and waste management in North America.