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Europe-Focused Infrastructure Fundraising – October 2012

by Leopold Peavy

  • 24 Oct 2012
  • INF

Despite market volatility, the recent closing of Global Infrastructure Partners II on $8.25bn shows that there is still an interest in the infrastructure sector from both LPs and GPs. According to the Preqin Quarterly: Infrastructure, Q3 2012, Global Infrastructure Partners II is the largest infrastructure fund raised to date, raising $2.61bn more capital than its predecessor Global Infrastructure Partners in 2008. Of the 36 infrastructure funds that have closed in the past 12 months, 16 have been focused on Europe, including six funds closed during Q3 2012, three of which are mainly targeting European infrastructure assets.

Preqin Investor Network currently tracks 152 unlisted infrastructure funds seeking an aggregate $89bn, with an average fund size of $619mn. Of these infrastructure funds, 21% are focused on the US, 40% on Europe, and 39% are primarily focused on Rest of World. Furthermore, Preqin’s data shows that 14 Europe-focused infrastructure funds in market have a target size of more than $1bn. Some of the largest of these Europe-focused infrastructure funds are Harbourmaster Infrastructure Debt Fund and RREEF Pan-European Infrastructure Fund II, which are both seeking over $2.4bn. London-based Aviva Investors is currently raising two European-focused infrastructure funds - Aviva Investors Hadrian Capital Fund I, which is seeking $1.5bn in capital commitments, and the Aviva REaLM Infrastructure fund, which is targeting $777mn.

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