Q1 fundraising snapshot: A sharp, inevitable drop

If 2017 started out with a bang after Global Infrastructure Partners closed the asset class’s biggest unlisted fund on $15.8 billion, then 2018 is starting out with a whimper, with just over $10 billion of unlisted funds reaching a final close. The silver lining: this year is not without its heavy-hitters, with both Stonepeak Infrastructure Partners and I Squared Capital set to close funds on a combined $13.5 billion in the near future. Furthermore, for those able to raise capital, average fund size continues on its upward trajectory (please note all figures are preliminary at this stage, with final figures to be released later this month).