Macquarie Asset Management has been appointed as the fifth investment manager within the LCIV Renewable Infrastructure Fund (LRIF) after it formally closed on its sixth investment.
The appointment is for a $150 million investment into a Macquarie managed strategy focused on the energy transition.
Macquarie is the largest infrastructure manager in the world and with the recent integration of the Green Investment Group, they are well placed to invest into and manage infrastructure at the centre of energy transition systems.
Gillian Evans, a Managing Director at Macquarie said: “This marks the first investment by LRIF into a pure play energy transition strategy, supporting technologies beyond traditional wind and solar generation that will be needed to achieve net-zero targets such as energy storage, hydrogen and renewable fuels, clean transportation, carbon capture utilisation and storage, and the circular economy.”
Dean Bowden, CEO of London CIV said: “As I come to the end of my first full quarter at London CIV, I have repeatedly said that we are here to listen to what our client funds are asking us for.
“One of the key things they want is for us to appoint outstanding asset managers to manage our growing list of funds. Macquarie is one such asset manager.