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.
For more information on infrastructure fundraising and investors, please click here to find out more about our Infrastructure Online service.