Infrastructure funds on the road

by Louise Taggart

  • 15 Mar 2011
  • INF

There are currently 124 unlisted infrastructure funds on the road, targeting an aggregate $87.8bn. In March last year, there were 107 funds in market, seeking $92.6bn, indicating that infrastructure fund managers are lowering their fundraising expectations following the global financial crisis.  The largest unlisted infrastructure fund currently in market is Global Infrastructure Partners II, which is looking to raise $5-6bn.  Preqin is also tracking a further 46 infrastructure funds that may begin fundraising in 2011.

According to Preqin data, more funds on the road are primarily focused on Asia and Rest of World than on either Europe or North America.  47 of the 124 funds currently raising capital are focused primarily on opportunities outside of developed economies, illustrating the growing importance of emerging markets.  In terms of target capital, the European and North American markets are more prominent, with funds focused on these regions targeting $31.8bn and $31.3bn respectively. 

The majority of funds in market target a diverse range of project stages within their portfolios. 65% will invest in greenfield assets, 65% will invest in brownfield assets and 45% will target secondary stage projects. 29% of funds on the road will consider investing in all three project stages.

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