Preqin Quarterly Update: Infrastructure, Q1 2018
Infrastructure fundraising has slowed in Q1 2018, halting the momentum of a record year in 2017. However, the funds able to close achieved an average of 120% of their target, suggesting that investor demand is strong – particularly for established managers. Infrastructure transactions were also down in Q1, but average deal size has swelled to $439mn. The 178 funds in market at the start of Q2 have already raised $52bn in interim closes, suggestive of a healthy fundraising environment ahead.