Chart of the Week: North American Fundraising drops in 2013

 2013 is shaping up to be a disappointing year for US infrastructure fundraising with less than $1 billion having been raised so far this year exclusively for North American assets.    

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Infrastructure Investor’s Research & Analytics team tracks fundraising in all parts of the world. While the number of North American focused funds that held a final close steadily increased after the financial crisis, the number that have closed so far in 2013 is low by comparison. Only six funds have closed in 2013 YTD raising a total of $0.81 billion. 75 percent of the aggregate capital raised came from Gulf Pacific Power, a $600 million unlisted energy fund that closed this quarter, which has CaLPERS as its sole limited partner. 

Infrastructure fundraising reached its peak in 2010 when over $8 billion was raised, with only 11 funds closed. Brookfield Americas Infrastructure Fund was the largest fund to close that year reaching a final close at $2.7 billion, surpassing its $1.5 billion target.

By contrast, 18 North American Infrastructure funds held a final close in 2012, while the aggregate capital raised was around 1.5 times less than in 2010. Only two funds managed to reach a final close over $1 billion: Carlyle Energy Mezzanine Opportunities Fund and Meridiam Infrastructure North America Fund II.