Macquarie Group (ASX:MQG) is looking to raise $1 billion in equity capital from institutional investors.
The company went into a trading halt yesterday ahead of the announcement.
It follows recent net capital investment across most regions, primarily by Macquarie Capital in the renewable, technology and infrastructure sectors and an anticipated increase in capital deployment by Macquarie Asset Management and Macquarie Capital.
They will seek to raise capital from retail investors through a share purchase plan.
Shares in Macquarie Group (ASX:MQG) closed 1.2 per cent higher yesterday at $123.51.