2019 Infrastructure Fundraising & Deals Update
The infrastructure market reached new heights in 2019. A total of $98bn was raised from investors through 88 fund closures, including two $20bn+ funds – the largest infrastructure funds ever closed. Record fundraising pushed dry powder to $212bn, which is twice as much as at the end of 2015. At the start of 2020 there are 253 funds in market targeting a collective $203bn, suggesting that fund managers believe investor appetite is not yet sated.
In contrast to the bull run in the fundraising market, infrastructure deals have been in decline in recent years. Having peaked in 2017, the number of deals decreased in 2018 and again in 2019 to reach 2,520 for the full year. The value of those deals, however, ticked up to a second-highest annual total at $485bn, surpassed only by 2016 ($523bn).
“2019 has been an incredible year for infrastructure.” – Patrick Adefuye, Head of Real Assets
Read our factsheet to view the top-level figures for 2019 fundraising, deals, and dry powder.