Macquarie has pulled in £1.4 billion for its latest infrastructure debt fundraising, joining several other firms that have had successful closes in recent weeks despite increased investor scepticism toward the asset class.

Macquarie said on Friday it had closed its latest fund, which invests specifically in inflation-linked lending to infrastructure projects in the UK, at £740 million, plus £650 million in further commitments for separately managed accounts. Taken together with previous funds, that takes its total fundraising in infrastructure debt over the past three years to £2.5 billion.