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How the Macquarie Board Built a Bridge to Infrastructure

Lucas and Luna unpack how Macquarie Group's board turned a tiny Australian merchant bank into the world's largest infrastructure investor. They trace the pivotal 1990s decision to privatize Sydney Airport, the controversial toll-road model, and the board's disciplined risk culture that survived the 2008 crisis and the 2020 COVID shock. With $600 billion in assets under management and a 50-year track record, Macquarie's boardroom choices offer a masterclass in patient capital and governance. The hosts also explore the ethical tightrope of public-private partnerships, the…

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