Macquarie Energy Transition Infrastructure Fund International (METI)

Macquarie Energy Transition Infrastructure Fund International (METI International) is an open-ended energy transition infrastructure investment vehicle managed by Macquarie Asset Management, structured as a Luxembourg S.C.A. SICAV-RAIF (Société d'Investissement à Capital Variable — Reserved Alternative Investment Fund) and domiciled in Luxembourg. The fund was launched in 2024, with initial assets transferred from Macquarie Asset Management's managed accounts into the vehicle between July and September 2024, and is available to professional and qualified investors across the European Economic Area, Australia, Hong Kong, Jersey, Singapore, Switzerland, and the United Kingdom, with a minimum investment of $125,000 or €100,000. METI International provides institutional and wholesale investors globally with regulated, structured access to Macquarie's energy transition infrastructure investment strategy through a Luxembourg-domiciled vehicle that offers monthly subscription windows and quarterly redemptions with 45 business days' notice.

The fund deploys capital exclusively into private energy transition infrastructure investments, targeting assets at the intersection of energy decarbonisation and infrastructure delivery. Near-term investment focus centres on electricity decarbonisation: utility-scale and distributed renewable energy generation (solar photovoltaic, onshore wind, offshore wind, and hydroelectric); clean grid infrastructure including battery energy storage systems (BESS), pumped hydro storage, and grid-scale transmission upgrades; and distributed energy infrastructure including virtual power plants and smart grid technology. The fund's longer-term mandate anticipates expansion into transport decarbonisation (EV charging infrastructure, electric rail, hydrogen fuelling networks) and industrial decarbonisation (green hydrogen production, carbon capture facilities, industrial heat electrification). Macquarie targets a net return of 9–11% and a distribution yield of 4–5% for the fund, consistent with infrastructure risk-return parameters in the energy transition segment.

Macquarie Asset Management manages the METI International fund as part of its broader energy transition and renewables platform, which encompasses approximately A$941 billion in total assets globally and positions Macquarie as both the world's largest infrastructure asset manager and one of the leading dedicated energy transition investors. The Australian-domiciled companion vehicle, Macquarie Energy Transition Infrastructure Fund (METI Australia), employs the same strategy for Australian wholesale investors, while METI International provides equivalent access for non-Australian institutional investors through a Luxembourg regulatory framework. The SICAV-RAIF structure complies with EU alternative investment fund regulations, providing investors with AIFMD-compliant governance, independent depositary arrangements, and standardised reporting. The fund's OECD-country focus offers investors exposure to stable regulatory environments while targeting assets at the forefront of energy system transformation in advanced economies.