According to Infrastructure Investor’s Research & Analytics, eight unlisted infrastructure funds with disclosed targets held final closes in Q1 2014, raising $5.97 billion in aggregate capital. Although fundraising in 2014 started more slowly than 2013, all funds that closed in the quarter were able to either meet or exceed their targets.
In Q1 2014, four out of eight funds surpassed their fundraising targets, including LS Power Equity Partners III, KKR Energy Income & Growth Fund, InfraVia European Fund II and Alterna Core Capital Assets Fund II. The largest fund closed in the period was LS Power Equity Partners III. The fund was closed at a hard cap of $2.08 billion, exceeding its initial fundraising target of $1.5 billion.
Note: Only funds that published a target and a closed size are included in the data.