Preqin Quarterly Update: Infrastructure Q4 2022

A tale of two halves

The first six months of 2022 saw the most active fundraising market ever, with $127.1bn raised compared to a $32bn quarterly average since 2018. However, as anticipated in our Preqin Quarterly Update: Infrastructure Q2 2022, the market could not sustain such a pace of investor commitments and the next half of the year saw a more subdued level of activity. The final six months of 2022 was the slowest period for capital raising in the last five years (Fig. 1), which was unsurprising given that many investors will have met their allocation targets earlier in the year.