Chart of the Week: Funds in Market Analysis: The Big Picture

A crowded and challenging environment for capital raisers.

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Despite a record fundraising year in 2013 ($33.6 billion was raised from limited partners for infrastructure investments last year), the market remains fiercely competitive for managers on the fundraising trail. At the end of 2013, there were a total of 178 unlisted infrastructure funds seeking an aggregate $121.6 billion.

A total of 74 unlisted infrastructure funds in the market, with aggregate target of $49.2 billion, have already held a partial close, moving them a step towards their final closing targets. $22.8 billion has already been raised across by these funds through partial closes, leaving $26.4 billion more for them to raise from investors to achieve their target sizes.

The biggest fund currently in market is the Global Strategic Investment Alliance (GSIA), followed by Terra Firma Infrastructure Fund For Global Renewable Energy, which was launched in January 2013 with a target of $4.93 billion.