Aug 30, 2026 – 8.00pmMacquarie Capital’s infrastructure and energy investment business was long considered a jewel in the group’s crown – a place where obscure assets were turned into billion-dollar transactions.The business helped Macquarie Group cement its reputation as one of the world’s savviest infrastructure investors, as it picked up prize assets including Sydney and Rome airports, explosives manufacturer Dyno Nobel, California-based developer Prime Data Centers, and developed Sydney’s flagship metro station in Martin Place.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Joanne TranInvestment banking reporterJoanne Tran is The Australian Financial Review’s investment banking reporter. She covers the people, trends, companies, and transactions moving Australian investment banking and capital markets in the Sydney newsroom. Prior to that, she was a markets reporter writing about hedge funds and the asset management industry.Joyce MoullakisAssociate editorJoyce Moullakis is an associate editor writing across company news, policy issues, investment banking, private equity and financial services.Fetching latest articles
The jewel in Macquarie’s crown is now its problem child
The Millionaires Factory built its reputation as an investment powerhouse in infrastructure assets, but a troubled business unit threatens to tarnish that legacy.
164 words~1 min read
