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Infrastructure Fundraising in Q1 2010

by Richard Stus

  • 06 Apr 2010
  • INF

Unlisted infrastructure fundraising in the first quarter of 2010 amounted to $6.1 billion, an increase of $2.5 billion compared to the Q1 2009 figure, and only $0.9 billion shy of the aggregate total raised throughout the whole of 2009.

Q1 2010 featured five fund closures, the most significant being the primarily North America-focused Alinda Infrastructure Fund II that raised $4.1 billion for investment in economic infrastructure projects. The remaining fund closures feature three funds focusing on Rest of World infrastructure assets, more specifically South American, Indian and Chinese infrastructure, and the final fund is Platina’s European Renewable Energy Fund, which held a final close on EUR 209 million.

Historical fundraising figures reflect how infrastructure fundraising bottomed out in the middle two quarters of 2009, but has since shown positive growth with both the aggregate amount raised and number of funds closed improving in the last two quarters. However, with 100 unlisted infrastructure funds still seeking capital and an additional 20 vehicles placing their fundraising efforts on-hold, fund managers will still endure tough fundraising conditions over the coming 12 months.

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