Chart of the Week: Q1 Infrastructure Fundraising, 2010-2014

According to Infrastructure Investor’s Research & Analytics, 9 unlisted infrastructure funds held final closes in Q1 2014, raising $7.3 billion in aggregate capital. The amount, however, represents a 42% drop from the $12.5 billion raised in 2013 Q1.

70 percent of the capital, or $5.1 billion, came from North America focused funds. In comparison, fundraising for emerging markets including Asia-Pacific, Latin America and Central & Eastern Europe has been fruitless so far this year, as no final closing was witnessed in unlisted infrastructure funds targeting these regions.

Fundraising highlights:

•The largest fund raised in Q1 2014 was LS Power Equity Partners III, closed on its hardcap of $2.08 billion, targeting North American brownfield investments in energy sector.

•KKR Energy Income & Growth Fund has raised $2 billion, exceeding its original target of $1.5 billion. The fund will make investments in oil and gas development projects in North America.

•Partners Group Global Infrastructure 2012 received EUR1 billion to invest through direct, secondary and primary opportunities around the world.