Macquarie Group Ltd., the Australia-based largest infrastructure manager in the world, is readying a third fund to take on U.S. and Canadian assets, Reuters reported.
The news agency said a source told it that Macquarie was opening the new fund because its last one is fully subscribed.
Funding infrastructure has been profitable. "The bank has averaged gross internal rates of return of more than 20 percent in its North American infrastructure investments," Reuters said..
