Nine unlisted infrastructure funds have closed so far in 2010, raising an aggregate $11.7 billion. This represents a marked improvement on Q4 2009 when $1.7 billion was raised, and exceeds the total aggregate raised over the whole of last year. The largest fund to close so far this year is Alinda Infrastructure Fund II, which raised $4.1 billion. GS Infrastructure Partners II, which closed this week, was the second-largest having raised $3.1 billion.
The number and aggregate target of funds in market has declined over the course of the quarter. There are currently 99 unlisted infrastructure funds on the road seeking an aggregate $87.7 billion in capital commitments, compared to 100 targeting an aggregate $88.8 billion at the start of the year.
In terms of deal activity there were 28 reported deals by unlisted infrastructure fund managers in Q1 2010, half the number announced in the previous quarter. This suggests that ongoing difficulties within the credit markets is restricting deal volume.
For more information about unlisted infrastructure fundraising and deals, please see our Q1 2010 Infrastructure Fundraising Update.