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Unlisted Infrastructure Funds in Market Focused on Brazil – October 2012

by Leopold Peavy

  • 03 Oct 2012
  • INF

Infrastructure fund investments in the emerging markets have long been attractive for both fund managers and investors. Brazil’s infrastructure needs, in particular, continue to draw interest, particularly with the forthcoming 2016 Olympics and 2014 football World Cup. Preqin Investor Network currently tracks 155 infrastructure vehicles on the road – 39% of these funds are targeting investment opportunities in Rest of World, 39% are focusing on Europe and the remaining 21% of infrastructure vehicles are looking for US opportunities. Eleven percent of all infrastructure funds in market are presently seeking opportunities in South America, including 7% which target the Brazilian market. Brazil-focused infrastructure funds are currently looking for an aggregate of $5.7bn, seeking on average $571mn.

One of largest Brazil-focused infrastructure funds in market is the BTG Pactual Brazil Infrastructure Fund II, which is hoping to raise $1.5bn. The vehicle is using a primary strategy and is focused on a wide array of industries, including distribution and storage facilities, energy, logistics, railways, renewable energy, roads, seaports, transportation, utilities, waste management, and water. Two other large infrastructure funds targeting investment opportunities in the Brazilian market are Astra Infrastructure Fund and Astra Shipping Fund both seeking $1bn.

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