Climate Changed

Macquarie Joins With Venture Firm to Target Infrastructure

Australian bank working with R/GA on New York venture studio
Initiative will focus on infratech companies, including energy

Pedestrians cross the road in front of the Macquarie Group Building in Sydney, Australia, on Friday, April 27, 2012.
Photographer: Ian Waldie/Bloomberg

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By Brian Eckhouse

January 31, 2018 at 9:25 PM UTC

Updated on

February 1, 2018 at 3:38 PM UTC

This article is for subscribers only.

Macquarie Group Ltd. is teaming up with a New York-based venture firm to spot the next big thing in energy and infrastructure innovation.

The Australian bank will provide specialist knowledge and possibly financial backing for the project with R/GA Ventures, according to a statement Wednesday.