Macquarie Asset Management Co., Ltd. (hereinafter Macquarie Asset Management) announced that it received a commendation from the Deputy Prime Minister and Minister of Strategy and Finance for its contribution to the development of private investment projects at the '30th Anniversary of Private Investment Commemorative International Conference on Private Investment Cooperation' held on the 12th at the Fairmont Hotel in Yeouido, Seoul, hosted by the Ministry of Strategy and Finance.
Macquarie Asset Management was recognized for leading private investment projects centered on financial investors by managing the listed fund Macquarie Infra for the past 22 years and for paving the way for the general public to invest in private investment projects.
Macquarie Infra was established in 2002 under the Private Investment Act, raised funds from domestic institutional investors, and invested in major private investment projects. In 2006, it became the first domestic infrastructure fund to be listed on the Korea Exchange.
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok and Macquarie Asset Management CEO Seo Beom-sik are posing after the awards ceremony. Photo by Macquarie Asset Management.
It provided opportunities for all citizens to participate in private investment projects and established a virtuous cycle structure where users of social infrastructure participate as fund investors and share the corresponding profits. Macquarie Infra's market capitalization is approximately KRW 5.7 trillion, with about 220,000 investors.
As of September 30 this year, 88.2% of Macquarie Infra's shares are held by domestic investors, of which 45.9% are institutional investors such as pension funds, insurance companies, mutual aid associations, and asset management companies, and the remaining 54.1% are individual investors.
Seobum Sik, CEO of Macquarie Asset Management, said, “Over the past 22 years, Macquarie Asset Management has made long-term investments in Korea’s major private investment projects through Macquarie Infra, contributing to the expansion of social infrastructure and supplementing the insufficient national finances. We have expanded private investment opportunities for both institutional and individual investors, established transparent governance of private investment project companies, fostered a sound corporate culture, managed finances, maintained the highest level of facilities and services, and contributed to local communities. We will continue to strive to contribute to the development of domestic private investment projects in the future through this award.”
Macquarie Infra is also continuously making new investments. It is currently investing in a total of 20 infrastructure projects, including the Hanam Data Center invested in this year, the Dongbu Expressway underground private investment project that undergrounds the frequently congested section in Seoul, the Dongbuk Line urban railway connecting Wangsimni and Sanggye-dong in Seoul, the Incheon-Gimpo Expressway which is part of the Metropolitan Area 2nd Ring Expressway route, and the Busan New Port 2nd Hinterland Road contributing to efficient logistics transport between Busan New Port and inland areas.
Macquarie Asset Management currently manages about KRW 11 trillion in domestic assets through a total of 12 funds, including the listed public offering fund Macquarie Infra. It was established in 2002 as a subsidiary of the Australian Macquarie Group.
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