Performance

After the toughest year in memory, there are signs that 2024 may bring marginal improvements, according to our LP Perspectives 2024 Study.

Nearly half the funds committed to what is the firm's largest vehicle to date is from new LPs and roughly 20% has already been deployed.

Increased interest rates impact the usage of subscription finance.

In the right sector, with the right strategy, it is still possible to get a debut fund across the line.

Heightened supply and the climbing cost of credit mean the pricing for infrastructure secondaries is increasingly attractive for buyers.

LPs are inundated with co-investment opportunities as GPs seek to eke out capital in a tough fundraising environment.

LPs are delving into succession planning and unrealised value when considering investment in new funds.

With a vote set for early 2024, Macquarie will have a five-year window to sell the fund’s assets, should it be approved.

CIO Ian Patrick said funds running a hybrid model with minimal investment internalisation ‘don’t have quite the same need for a global footprint’ as others pursuing direct investments.

Macquarie will seed a new core renewable energy fund with some of its $2bn portfolio of assets, as exits slow.