Montreal and Mumbai, September 14, 2026: Macquarie Asset Management (MAM), via Macquarie Asia-Pacific Infrastructure Fund 4 (MAIF4), has completed the acquisition of units from global investment group La Caisse in Maple Infrastructure Trust (Maple), an Infrastructure Investment Trust (InvIT) that owns and operates toll roads across India.
Following the transaction, MAM and La Caisse jointly own controlling stakes in Maple’s investment manager and project manager. The partnership combines MAM’s infrastructure investment and active asset management expertise in India with La Caisse’s global experience in scaling infrastructure platforms.
Transaction Highlights
- MAIF4 commitment: US$450 million, including US$150 million earmarked for future acquisitions by Maple.
- La Caisse commitment: US$150 million to support Maple’s growth.
- Maple portfolio: Established in 2021, Maple owns and operates seven toll roads across six states in Eastern, Northern, and Southern India.
- Aggregate network length: Approximately 3,328 lane kilometres under long-term concession frameworks.
Verena Lim, Co-Head of Asia-Pacific Infrastructure, Macquarie Asset Management & Asia CEO, Macquarie Group: “India remains a key market for Macquarie, and Maple reflects our conviction in the country’s long-term infrastructure opportunity. Drawing on our experienced local team and long-standing presence in the market, we look forward to partnering with La Caisse to support Maple’s next phase of growth, building on the platform’s strong foundations through our operational expertise and active asset management approach.”
Emmanuel Jaclot, Executive Vice-President & Head of Infrastructure and Sustainability, La Caisse: “Five years ago, we entered India’s roads sector with a single asset and a conviction in the market’s long-term potential. Since then, Maple has grown into one of the country’s leading road platforms. Our partnership with Macquarie Asset Management is a strong vote of confidence in what we’ve built and the growth opportunities ahead. Maple’s story is still being written, and this partnership marks an important new chapter.”
India’s Infrastructure Opportunity
India has one of the world’s largest and most diverse transport networks, extending around six million kilometres. With a growing middle class, rising vehicle ownership, and increasing mobility needs, demand for high-quality transport infrastructure, toll roads, and electrification solutions continues to accelerate.
About Macquarie Asset Management
Macquarie Asset Management (MAM) is a leading global asset manager, trusted by institutions, individuals, and communities to responsibly manage US$498 billion in assets (as of March 31, 2026).
MAM provides clients with diverse investment solutions designed to deliver superior risk-adjusted returns. It is part of Macquarie Group, a diversified global financial services group founded in 1969, employing over 19,100 people in 30 markets, and listed on the Australian Securities Exchange.
About La Caisse
La Caisse has invested for over 60 years with a dual mandate: generating optimal long-term returns for its 48 depositors (representing over 6 million Quebecers) and contributing to Québec’s economic development.
As a global investment group, La Caisse is active in financial markets, private equity, infrastructure, real estate, and private credit. As of June 30, 2026, it held CAD 552 billion in net assets.
🌐 Learn more: LaCaisse.com
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