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Australia's Macquarie Group said on Monday it had raised more than 8 billion euros ($8.72 billion) for a new European infrastructure fund as investor appetite for tangible assets from ports and power to data centres remains strong. The seventh European Infrastructure Fund raised money from more than 100 investors including pension funds and sovereign wealth funds according to a statement published on Monday, with more than 90% contributed by previous Macquarie investors. "Continual investment is needed to develop the infrastructure that provides essential services to communities," Adam Lygoe, head of infrastructure for Macquarie Asset Management in Europe said in the statement.