Macquarie raises $625 million for Philippines infra fund

Macquarie Infrastructure and Real Assets (Mira) has raised $625 million for a Philippines infrastructure PE fund, which counts the country’s largest pension fund as a leading investor. The Philippine Investment Alliance for Infrastructure is the country’s first infrastructure-dedicated private equity fund. It was first announced in May, when Government Service Insurance System (GSIS) president Robert Vergara disclosed that it would allocate $300 million to the vehicle.   GSIS, t…