The state’s $15bn oil and gas endowment has established a 10% real return allocation, which could include investments in timber and infrastructure, and has begun to look for an investment officer to direct the real return group.
Australian asset manager Access Capital has teamed up with the real estate fund manager founded by former Secretary of Housing and Urban Development Henry Cisneros as it targets PPPs and subordinated municipal debt.
The Inter-American Development Bank approved the loan as a way to ‘foster more participation’ in the fund. Macquarie also released details of the fund’s recent purchase of Decarred, a company that maintains 10 stretches of highway in the US-border state of Durango.
The Macquarie Mexican Infrastructure Fund will acquire a company with a 20-year contract to reconstruct and maintain highways in the Mexican state of Durango. The firm has also placed Macquarie executives Martin Stanley and Chris Leslie on its board.