Data from Infrastructure Investor Research & Analytics has revealed that the total capital raised in the first half of 2014 totaled approximately $13.6 billion while within the same time period in 2013 totaled $24.97 billion, representing a drop of approximately 45%.
When broken down by month, 2013 far outperforms its 2014 counterpart in terms of the capital raised. In March 2013, the total capital raised was 8.92 billion, which nearly tripled the amount raised in the same month in 2014. Despite this, we saw a rebound in June 2014, with $4.37 billion raised in the period. The largest fund closed in the month was First Reserve Energy Infrastructure Fund II, which closed at $2.5 billion and constituted over 57% of the total capital raised in the month.
In the past 2 months, several fund managers have held final closes for their oversubscribed funds, including Northleaf Capital Partners, which has closed its co-investment infrastructure fund on $520 million, exceeding its $300m target.