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North American Infrastructure Fund Managers

by Elliot Bradbrook

  • 10 May 2011
  • INF

Preqin is currently tracking 71 North America-based infrastructure fund managers that are either currently raising an infrastructure fund or have done so in the past.  76 infrastructure funds raised by North American managers have held a final close, raising an aggregate $83.2bn. There are currently 35 unlisted infrastructure funds on the road managed by North America-based GPs targeting $30.6bn.

73% of North American GPs are first-time fund managers, 10% have raised two vehicles, and 17% have raised three or more funds; there is clearly an abundance of first-time fund managers without a proven fundraising track record currently active in the unlisted infrastructure space.  The largest proportion of North America-based GPs, 27%, are located in New York. Managers located in Texas account for 11% of the total, followed by California, Washington D.C. and Connecticut which are each home to 10%.  13% of North American infrastructure GPs are based in Canada.

The majority of North American fund managers will target a range of project stages within their portfolios. 56% of North American infrastructure fund managers will invest in greenfield stage projects, 66% will consider investing in brownfield stage projects, and 52% will invest in secondary stage projects.

All of the top five North American infrastructure fund managers based on aggregate capital raised are located in the US. New York-based GS Infrastructure Investment Group tops the list having raised almost $9.6bn, followed by ArcLight Capital Partners and Alinda Capital Partners, which have attracted $7.2bn and $7.1bn in institutional investor capital respectively

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