MKAM was incorporated in Korea on 17 October 2002, and was licensed as infrastructure asset management company under the FSCMA on 11 November 2005. Subsequently, MKAM expanded its license to manage special asset funds per FSCMA on 24 June 2010, and to manage real estate funds on 27 November 2013. On 2 March 2020, MKAM completed the merger with its affiliate company, Macquarie Korea Opportunities Management Ltd. ("MKOM"). MKOM was registered with the Financial Services Commission as the general partner of its private equity funds, and the merger accordingly expanded the business scope of MKAM to include the general partner of private equity funds as defined under the FSCMA.
MKAM is part of Macquarie Asset Management (MAM), which is one of four operating groups within the Macquarie Group. More specifically, MKAM is part of MAM’s Real Assets division, a worldwide infrastructure leader with the leading global infrastructure capability, including ability to leverage global sector knowledge, asset management, and capital management expertise.
As of 30 September 2023, MAM’s Real Assets division manages over 170 infrastructure assets across 34 countries including the United States, the United Kingdom, Australia, Germany, Korea and Japan, with the asset under management of approximately $US180 billion.
MKAM is the sole manager of MKIF pursuant to the Management Agreement signed by MKIF and MKAM on 13 December 2002 and subsequently amended and restated on 8 February 2019.
As the asset manager of MKIF, MKAM is responsible for managing assets and making investments on behalf of MKIF and for monitoring services provided by MKIF’s custodian, administrator, and sales agents in accordance with the Management Agreement and other applicable laws and regulations.