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Infrastructure Fundraising Trebles 2009 Levels

by Elliot Bradbrook

  • 12 Oct 2010

In Q3 2010, five unlisted infrastructure funds reached a final close raising an aggregate $10.8 billion.  This represents the highest quarterly total since Q4 2008, when 12 infrastructure funds closed raising $15.5 billion.  In 2010 to date, unlisted infrastructure vehicles have raised $24 billion, more than three times as much as the $7.8 billion raised in the whole of 2009. 

Q3 fundraising represents 45% of the total capital raised so far this year and includes the closure of several sizeable funds including the $4.3 billion Energy Capital Partners II and the $2.7 billion Brookfield Americas Infrastructure Fund.  The other three funds to close were Cube Infrastructure Fund and Antin Infrastructure Fund (both on $1.1 billion) and Barclays Integrated Infrastructure Fund (£645 million).

In terms of funds in market, there are currently 107 funds actively seeking capital, targeting an aggregate $75.7 billion in investor commitments.  The number of funds on the road is at its peak, although the aggregate target of these funds has steadily declined in 2010, dropping from $106.8 billion in Q4 2009.  This is mainly due to fund managers setting more realistic fundraising targets following the financial crisis.

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