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Meketa Infrastructure Fund

Ticker: MIFAX

Private Infrastructure Simplified

Simplified Access to Private Infrastructure

Roads, pipelines, power grids, data centers — the infrastructure that keeps the modern world running has historically been one of the most resilient investment categories available. It tends to hold up well during market turbulence, drive consistent returns, and act as a natural hedge against inflation.

The Meketa Infrastructure Fund (MIFAX) gives investors direct access to this asset class — globally diversified, professionally managed, and structured to be genuinely accessible to individual investors.

Ticker: MIFAX  |  Daily Nav: $27.88

Growth
Growth & Income Potential

Infrastructure investments are designed to generate steady long-term capital appreciation and income potential.

Global
Global Diversification

Exposure across geographies and sectors — from energy and transportation to AI and digital infrastructure.

Direct Co-Investment Structure
Direct Co-Investment Structure

We invest alongside experienced managers in specific projects.*

* Co-investments typically limit the degree of management control over portfolio assets and the timing of certain actions. Potential conflicts of interest may exist between co-investing parties.

Why Infrastructure?

Infrastructure investments are in essential assets, the kind that communities and economies depend on every day. That essential nature gives them a few properties that investors find particularly valuable:

  • Consistent returns. Historically, private infrastructure assets have delivered a consistent return premium relative to public equities and fixed-income securities throughout various market cycles. Infrastructure investments have the potential to deliver strong returns because, typically, these assets are regulated with revenues backed by long-term contracts from creditworthy entities, which may result in long-term, predictable cash flows.

  • Lower average volatility. Infrastructure assets and services are typically necessities for society, underpinned by regulation or contractual agreements, so they have a relatively inelastic demand, making them less sensitive to business cycles.

  • Inflation protection. Many infrastructure assets have revenues tied to inflation, meaning their income tends to keep pace, or exceed, rising prices over time.

  • Lower correlation to stocks and bonds. Infrastructure returns have historically moved differently from public markets, which can help smooth out the ups and downs in a broader portfolio.

  • Consistent cash flow. Cash yield is typically a significant component of potential investment returns, generally the result of revenue generated by the infrastructure asset itself.

Fund Overview

Here's how MIFAX is structured:

  • SEC-registered interval fund. Regulated, accessible, and designed for individual investors.*
  • Broadly diversified. Exposure spanning geography, industry sector, vintage year, investment strategy, and portfolio manager
80%

Direct co-investments in private infrastructure assets 

10%

Infrastructure fund investments (primary and secondaries)

10%

Liquid assets (cash equivalents and listed infrastructure investments) 

Holdings | Co-Investment
Confidential

Confidential

Confidential

Preferred equity investment in a leading utility-scale solar, storage, and technology platform that develops, constructs, and operates utility-scale projects across the U.S.

Confidential

A leading global provider and lessor of reusable packaging solutions.

Confidential

A leading energy solutions business that provides infrastructure assets and technical solutions to the global offshore energy industry.

Digital Edge

Digital Edge builds and operates state-of-the-art, energy-efficient data centers rich with connectivity options, and aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient, and economical.

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Philippine Coastal

Based in the Subic Bay Freeport Zone, and serving the Luzon Economic Corridor (LEC), Philippine Coastal is the largest independent import terminal in the Philippines. With a capacity of 6.3 million barrels, Philippine Coastal houses over 20% of the country’s import storage capacity. Philippine Coastal plays a vital role in ensuring the reliable entry of liquid fuel products into the country by serving the needs of major commodity providers and other strategic interests. With its deep jetties and strategic location, it is well-positioned to serve the metro Manila and North Luzon markets and is the terminal of choice for large institutional players importing fuels into the country.

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TEN

Project Legacy is a new company, Transportation Equipment Network (“TEN”) formed by the consolidation of trailer leasing companies currently owned by I Squared Capital. This consolidation of enterprises will form one of the largest trailer leasing companies in North America.

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Phoenix Tower

Phoenix Tower International (“PTI”) is an owner, developer, and aggregator or macro cellular towers across Latin America, North America, and Europe. PTI will use investment capital to continue to expand its future growth.

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Lincoln

Lincoln Terminals is a leading provider of terminal services with an entrenched position across five states in the Southeast and Mid-Atlantic regions. The company provides throughput and storage solutions for renewable fuels and is uniquely focused on reducing carbon emissions through automation, and driver and transportation efficiency.

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Natural World

Natural World Products is Ireland’s leading recycler of organic waste, managing 330,000 tonnes of household organics annually across the Island of Ireland. It processes 50% of all recycling from Local Authority Collected Municipal Waste in Northern Ireland, supporting councils in meeting statutory targets and advancing their Net Zero commitments. Over the past decade, it has diverted more than 2 million tonnes of organic waste from landfill.

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Jupiter

Founded in 2017, Jupiter is the leading US stand-alone battery storage platform, being one of the first to build, operate and commercialize utility scale projects.

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Confidential

Global social infrastructure company.

Empyrion

Empyrion Digital is a next-generation digital infrastructure platform committed to sustainability and the highest standards of responsible operating performance. Green by design, we develop and operate robust, scalable and carrier-neutral data centres for hyperscale and enterprise customers across Asia. Headquartered in Singapore, Empyrion Digital is a portfolio company of Seraya Partners, a leading Asia infrastructure fund with USD 1.8 billion of assets under management.

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Aleyschem

Alyeschem is developing a petrochemical facility on the North Slope of Alaska (the “Project”) to produce and deliver critical chemicals—specifically methanol and ultra-low sulfur diesel (ULSD)—to isolated markets. The Project aims to enhance supply security and address extreme logistical challenges by converting stranded natural gas into methanol, a chemical used on the North Slope for over 40 years as an antifreeze agent in various applications, including wells and pipelines. The plant will leverage proven technology and a secure gas feedstock to reduce costs, improve reliability, and lower emissions by 93%.

Read More
Confidential

Financing for US cell towers company.

*As of September 30, 2025. Portfolio holdings vary and are subject to change. Investors will not gain a direct interest in the companies shown.
MIFAX Fund Documents

Monthly Fact Sheet

Download

Quarterly Commentary

Download

Current Holdings Detail

Download

Statement of Additional Information

Download

Prospectus

Download

MIFAX Investor Presentation

Request Here

Annual Report

Download

Semi-Annual Report

Download

Statement of Investments

Download

SEC Filings

View

Repurchase Calendar

Download

Form N-PX

View

2025 Estimated Year-End Distributions

Download
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IMPORTANT INFORMATION

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This information is included in, and may be reviewed through the prospectus. Please read the prospectus carefully. An investment in the Fund is subject to, among others, the following risks:

The Fund is considered highly speculative, illiquid, and should only be considered by investors who can bear such risk for an indefinite period of time and can afford a complete loss of investment. There is no guarantee that any income will be generated, or distributions will be made. The shares are illiquid meaning you will likely not be able to transfer or redeem shares on demand or in the quantity desired. An investment will involve significant risks due to the nature of the fund’s investments. The fund does not represent a complete investment portfolio. There can be no assurance that the investment objectives of the Fund will be achieved. The managers and portfolio structure provided herein may be subject to change.

The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private equity investments.

The Fund is a “nondiversified” management investment company registered under the Investment Company Act of 1940. An investment in the Fund involves risk.

The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful.

Shares of the Fund are not listed on any securities exchange and it is not anticipated that a secondary market for shares will develop. Shares are appropriate only for those investors who can tolerate a high degree of risk, do not require a liquid investment.

There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer.

The Fund’s investment in private equity companies is speculative and involves a high degree of risk, including the risk associated with leverage.

Distributor: Foreside Financial Services, LLC. Member FINRA. Foreside is not affiliated with the closed end fund or any of the entities named within this communication.

MCL-506919-2024-02-29

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