Chart of the Week: Unlisted Infrastructure GPs’ Track Record

Take a look into the fundraising track record of the GPs

 

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Infrastructure Investor’s Research and Analytics profiled approximately 700 infrastructure GPs around the world. Over half of the GPs have raised one fund or are currently raising their debut vehicles. For example in January 2014, solar energy solution provider Conergy AG launched Conergy Fund I to provide financing to large scale solar power plants and commercial projects with renewable energy technology across the US. Also as of January, Dallas based Grey Rock Energy Partners has corralled $13.78 million for its debut fund, GreyRock Energy Fund, which has a $200 million target.

22% of the managers are currently on their second vehicles, examples includes the French Antin Infrastructure Partners’ second vehicle, which has raised EUR1.5 billion as of February 2014, as well as the EUR2 billion targeted Pan-European Infrastructure Fund II, being raised by Deutsche Asset & Wealth Management which has recently rebranded from its previous name RREEF. 

More experienced GPs, which have launched at least three funds, account for 27% of the total, while 40% of the funds launched in 2014 are managed by this type of GPs. For instance, Norway-based HitecVision launched Fund VII in February, with a target size of $1.5 billion and a hardcap of $1.8 billion. Asia Environment Partners II, the latest environmental fund of the Hong Kong headquartered Olympus Capital Asia, received $25 million commitment from IFC also in February.