Macquarie Asset Management
Market insights and commentary from Macquarie Asset Management.
Australia4 articles
AlternativesPrivate MarketsMulti-Asset
Research
Macquarie Asset ManagementPrivate Markets
Pathways Agriculture | Institutional Investor | Macquarie Asset Management | Macquarie Group
Macquarie Asset Management's "Pathways" overview of Australian agricultural investing outlines the structural case for farmland, citing rising protein demand, declining arable land per capita, and historical equity-like returns at bond-like volatility. The piece also highlights inflation-hedging properties, diversification benefits, and nature-based revenue opportunities such as carbon sequestration.
Macquarie Asset ManagementPrivate Markets
Private infrastructure valuations | Institutional Investor | Macquarie Asset Management | Macquarie Group
Macquarie Asset Management analyzes private infrastructure valuation multiples using a database of 1,222 EV/EBITDA transaction multiples (2008–2025), finding that current spreads versus US equities have turned negative, suggesting an attractive entry point. A multivariate regression confirms inflation positively and interest rates negatively drive infrastructure multiples, while GDP growth shows no statistically significant relationship; the paper also provides sector-level insights and strategic considerations for return delivery.
Macquarie Asset ManagementPrivate Markets
Pathways | Institutional Investor | Macquarie Asset Management | Macquarie Group
Macquarie Asset Management's Pathways podcast series covers real assets, private markets, and macroeconomic trends through four megatrend lenses: deglobalisation, decarbonisation, digitalisation, and demographics. The featured episode examines stress in private credit markets—particularly in software—contrasting it with the relative resilience of infrastructure debt, while also covering AI disruption, credit underwriting discipline, defaults, and BDC redemptions.
Macquarie Asset ManagementReal Assets
Pathways Real Assets | Institutional Investor | Macquarie Asset Management | Macquarie Group
Macquarie Asset Management's 2023 real assets outlook examines the investment landscape for infrastructure, real estate, and agriculture amid rising interest rates, likely developed-market recessions, and persistent inflation. The piece argues that infrastructure is relatively well-positioned due to inflation pass-through and contracted cash flows, while real estate dislocation and agriculture's stable return profile present selective opportunities for institutional investors.