Fundraising

Chart of the Week: Fundraising tails off after spring

Fundraising in the spring months has dwarfed the amount of capital that has been raised in the summer months. 

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Capital raised and number of funds closed each month in 2013 YTD

CoW - 22-08-2013 - 411
 

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Data from Infrastructure Investor's Research & Analytics team shows that 20 unlisted infrastructure funds have achieved a final close in 2013 to date, securing $15.66 billion of capital commitments on aggregate.

Fundraising reached its peak during the spring months, with over 80 percent of the total capital raised in 2013 YTD being raised in this period. 16 funds held a final close from March to May, from which five funds were successfully able to obtain commitments over $1 billion. Macquarie European Infrastructure Fund 4 was the largest fund to close in the period, securing more than $3.5 billion in commitments from limited partners. So far, six funds have held final closes over $1 billion in 2013 (see table below):

Fund
Name		  Head
Office		 Target
($bn)		 Actual
Size ($bn) 
Australia 2.60 3.57
Sweden 1.95 2.50
France 1.95 1.88
China 1.63 1.63
DIF Infrastructure III  Netherlands 0.78 1.04
Nebras Power 
Infrastructure Fund
 Qatar 1.00 1.00
 

 

 

 

 

 

 

 

 

 

The summer months were a dry period for fundraising, with no funds holding a final close in June and July. Only one fund attained a final close in August to date, Waterton Precious Metals Fund II, which received $300 million worth of commitments.