Infrastructure Funds Investing in Greenfield and Brownfield Projects - August 2012

by Bogusia Glowacz

  • 23 Aug 2012
  • INF

Infrastructure funds are typically known to target greenfield and/or brownfield projects during their primary stage of investment. While greenfield projects are associated with assets yet to be constructed, brownfield fund investments involve established assets in need of improvement.

Preqin Investor Network currently tracks 114 infrastructure funds on the road investing in greenfield projects, an equivalent of 72% of all infrastructure vehicles currently raising capital. Similarly, 128 infrastructure vehicles follow a brownfield strategy, representing a slightly higher 88.5% of the current infrastructure fundraising universe.

More often than not, infrastructure look to invest in both greenfield and brownfield projects. For example, BTG Pactual Brazil Infrastructure Fund II, which targets both types of projects, is seeking $1.5bn infrastructure development mainly in Brazil, but also throughout South America. The vehicle focuses specifically on the development of infrastructure in the energy, transportation, and utilities sectors. Preqin Investor Network monitors 62 infrastructure funds focused on greenfield and/or brownfield opportunities in Asia and Rest of World, which represent 29% of all infrastructure funds in market.

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