North America is known as a developed infrastructure market with mature regulatory environment, and it has always been one of the desired destinations for global investors and managers. However, in recent years, while fundraising globally has been trending upwards, North America focused fundraising remains steady. The growth in infrastructure fundraising in recent years is more propelled by the increased interest in global-focused funds among investors, and also the recovery of European focused funds.
In 2013, 12 North America focused unlisted infrastructure funds held final closings raising $4.7 billion, which was $600 million less than the 2012 number and the equivalent of 2011. In the meantime, developed markets in Europe are recovering from the credit crunch where lower valued assets have attracted more attention. In 2013, $7.2 billion was raised in Europe focused funds, soaring from the $2.7 billion in 2012. Global/multi-regional funds’ fundraising was also surging – from $5.8 billion in 2011, to $14 billion in 2012 and $17 billion in 2013.