Australian technology firm Macquarie has secured new financing from the Australian government.

Macquarie Technology Group this week announced that it has secured a AU$200 million (US$143.2m) hybrid investment from the National Reconstruction Fund Corporation (NRFC).

The investment will be made by a delayed-draw facility for the issue of AU$200 million of perpetual, callable, subordinated, unsecured, and non-convertible securities.

Macquarie said the funds will be used to develop “sovereign digital infrastructure and cybersecurity services” to support the use of sovereign cloud services and AI by Australian government agencies, including the Department of Defence, as well as the defense industry, critical infrastructure sectors, and Australian businesses.

David Tudehope, Macquarie CEO, said: “We are delighted to partner with NRFC and secure this investment, which provides long-term capital to support our growth initiatives while providing additional financial flexibility and diversification of our funding sources. This new source of capital enables us to expand our role as a provider of secure digital infrastructure and cybersecurity, delivering significant benefit to the Australian economy over time.”

NRFC was established in 2023 by the Australian Government to invest in local businesses and projects to “deliver a more resilient Australia and ensure sovereign capability in areas of national significance.”

The investment fund has some AU$15 billion (US$10.7bn) to invest through direct loans, equity investments, and loan guarantees. Its focus areas include renewables, enabling capabilities, defense, transport, resources, agriculture, forestry and fisheries, and medical science.

The NRFC said its investment in Macquarie falls under its enabling capabilities bucket, which involves helping to “deliver national capabilities that Australian companies and businesses need to compete and win in the emerging digital economy.”

NRFC CEO David Gall added: “NRFC’s investment will help to provide many small to medium-sized Australian companies with the cybersecurity capability they need to compete and win work in areas where information security is a requirement for entry.”

Macquarie DC owns and operates two campuses in Sydney: one in the city’s central business district (IC1), and the Macquarie Park Data Center Campus, which is currently home to IC2 and IC3 – with IC3 Super West under development. The company also has two bunker data centers in Canberra.

The company is planning another campus in Sydney, though details are unclear.