Macquarie Asset Management (MAM) has raised about $800 million for a fund that invests in infrastructure services, two sources familiar with the process said. The Macquarie Strategic Opportunities Fund (MSOF) targets US and European companies that serve infrastructure operators. It has also raised about $700 million of coinvestment capital and is seeking $1.5 billion to $2 billion of core commitments. The 10-year fund targets net internal rates of return of around 20%. MSOF has signed three deals. This month it agreed to buy SI Solutions, after buying Potters Industries last November and DynaGrid Holdings in February last year. Hani Zogheib and Andrew Olinick lead the fund. MAM declined to comment.

Macquarie Capital has acquired a stake in Singapore-based data centre developer Zerra DC, weeks after partnering on a $30 billion Queensland project anchored by Anthropic. The investment provides Macquarie Capital exposure to Zerra's Asia-Pacific operations, which span Australia, Japan, and India. Zerra has assembled a pipeline exceeding 2 gigawatts of planned capacity across the region. The deal expands Macquarie Capital's exposure to artificial intelligence infrastructure, a rapidly growing sector driven by increasing demand for data processing and storage capabilities. The Queensland project represents one of the largest data centre developments in the region, reflecting significant investment in AI-related infrastructure.

A C$25 million early draw is expected at closing for early works and equipment; the proposed facility still needs due diligence and definitive agreements.