According to data from Infrastructure Investor Research & Analytics, 40 unlisted infrastructure funds held final closes during 2013, collecting $32.6 billion in aggregate capital. This amount, which is at a five year peak, represents a 16.4 percent increase from the $28 billion raised by 51 funds in 2012. In Q4 alone, 14 funds collected a total of $12.9 billion, the highest of any quarters in 2013. Whilst 2013 saw the highest volume of capital raised since 2009, the number of funds raised was the lowest since 2010.
More than half the capital raised, $16.9 billion, went to funds with a mandate to exploit infrastructure investment opportunities globally. The most favoured destinations were, jointly, North America and Pan-Europe for which $3.7 billion was raised, followed by Western Europe and Asia-Pacific with $3.5 billion and $3.1 billion corralled respectively.
– Largest fund raised in 2013 was Brookfield Infrastructure Fund II, which has collected $7 billion for infrastructure investment globally.
– Brookfield Asset Management, Stonepeak Infrastructure Partners, IFC Asset Management and Actis – each has fund closed in Q4 2013 at over $1 billion.
– Demand for unlisted infrastructure fund investment in Central and Eastern Europe (CEE) and MENA remains quiet – just $0.3 billion was raised, on aggregate, for investment in those regions in 2013.