Click on the top right of the report to view full screen.
While the first half of 2021 was looking subdued with regards to fundraising, the year managed to end on a high note, with the asset class raking in $136.5 billion in total, according to Infrastructure Investor data.
This was a slight 6 percent increase compared with 2019 figures, but an increase nevertheless.
EQT Infrastructure Fund V, which closed on €15.7 billion was the largest close last year, followed by Copenhagen Infrastructure Partners IV and DigitalBridge Partners II, each of which raised $8.3 billion, underscoring the rise of specialist funds witnessed in recent years.
Consolidation in the industry is also not new but it is continuing and at a strong pace, considering that the average fund size has more than doubled within a five-year period reaching $1.5 billion last year.
Looking ahead, we expect more GPs to raise mega-funds – what we define as those being at least $14 billion in size, though that might not be immediately clear when looking at the target size of funds currently in market. Take for example, KKR, which is targeting $12 billion for Global Infrastructure Investors IV, but in August had already reached a $14.2 billion first close.
Brookfield’s Global Transition Fund is another example. Its stated target is $7.5 billion, but in December, BAM’s chief executive Bruce Flatt said the Canadian fund manager expects to reach final close next month on more than $15 billion.
Check out our interactive fundraising report above for the full breakdown of fundraising activity in 2021 and further insights the data reveals. You can also download the report as a PDF HERE and download the data HERE.