The Fundraising Review 2014

Infrastructure Investor Annual Fundraising Review 2014

 Q4 2014 

It is again the time of year to review the infrastructure fundraising market in the past 12 months Despite a weak final quarter, 2014 is still a record-breaking year for the asset class, with over $48 billion capital raised by unlisted infrastructure funds globally. Topping the list are OMERS’ Global Strategic Investment Alliance (GSIA), an unconventional $12.6 billion co-investment vehicle, Energy Capital Partners’ $5.04 billion Fund III, Macquarie’s $3 billion Infrastructure Partners III and Antin Infrastructure Partners’ EUR2 billion Fund II.

At the end of 2014, there are 218 unlisted infrastructure funds in market. Although matured markets remain the top priority for majority of investors, there is an increasing number of new Asia-Pacific targeted funds seeking capital. Moreover, in terms of deal value, 30 percent of the infrastructure projects that held financial close in 2014 are located in Asia-Pacific. All these may signal a shift in the locus of infrastructure investment to the east.

However, as investors shift increasingly bypassing funds to manage assets directly, 2015 could be a challenging year for managers seeking new capital. In the industry news section, you can find a summary of recent activities of key investors such as GPIF, RDIF and ERS of the State of Hawaii.

Last but foremost, we are privileged to have the Abu Dhabi Investment Authority’s (ADIA) first published interview for infrastructure asset class. Mr. John McCarthy, Head of Global Infrastructure at ADIA, exclusively reveals to Infrastructure Investor the strategy behind ADIA’s current and future infrastructure investment.

 

The Fundraising Review 2014

Q3 2014 Fundraising Review

H1 2014 Fundraising Review

Q1 2014 Fundraising Review