Infrastructure managers raised 47 unlisted infrastructure funds with total capital of $38 billion in 2013, the most capital raised for private infrastructure funds since 2008, when 59 funds raised $41 billion, according to data released Monday by Preqin.
By comparison, 36 infrastructure managers raised $24 billion in unlisted infrastructure funds in 2012, partially as a result of the October 2012 closing of the $8.25 billion Global Infrastructure Partners II.
The two largest funds to close in 2013 were the $7 billion Brookfield Infrastructure Fund II and $6 billion EIG Energy Fund XVI. Their combined assets accounted for 69% of the infrastructure capital raised in 2013.
As of Monday, there were 136 infrastructure funds attempting to raise a total of $86 billion in capital commitments. The largest fund in the market is Energy Capital Partners II, which has a $3.5 billion fundraising target. Fifty-two percent of the funds being raised have already been in the market for 18 months.