At a glance
- For allocators comparing credit platforms, the mix matters.
- The headline 6% therefore carries an acquired CLO book alongside whatever was raised organically.
- Group assets under management rose 3% to A$742.9 billion.
Macquarie Asset Management's credit and insurance assets under management rose 6% to A$248.3 billion in the six months to Sept. 30, up from March 31, the Sydney manager said in half-year results reported by Alternative Credit Investor.
The acquisition of Spire Management added A$8.4 billion to Macquarie's liquid credit AUM and expanded its collateralised loan obligation capabilities globally, the firm said.
For allocators comparing credit platforms, the mix matters. The A$8.4 billion of acquired liquid credit assets sits inside the A$248.3 billion credit and insurance total, equal to roughly 3.4% of it. The headline 6% therefore carries an acquired CLO book alongside whatever was raised organically.
Group assets under management rose 3% to A$742.9 billion. Fee-paying AUM rose 6% to A$530 billion, of which real assets, real estate and private credit accounted for A$196.4 billion. Macquarie raised A$15.3 billion across its strategies in the half and deployed A$17.6 billion across 11 new investments.
Reported by the Fund launches & raises desk from Alternative Credit Investor. Published . Corrections