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.
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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.
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Other highlightsÂ
– 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.Â
– 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.