Infrastructure fundraising in 2019 is coming down from last year's all-time high of $85 billion, according to data from London-based alternative investment firm Preqin.
In the quarter ended Sept. 30, 19 infrastructure funds globally raised $8.4 billion, down from the record $44 billion raised in the year-earlier quarter. Infrastructure funds amassed 40% less capital in the first three quarters of 2019 than raised in the all of 2018, Preqin data show.
But Preqin notes that two infrastructure funds each with a $20 billion fundraising target, Brookfield Infrastructure Fund IV and Global Infrastructure Partners IV, are expected to close in the fourth quarter.
At the same time, there were fewer deals.
In the third quarter, infrastructure deals globally worth a total of $88 billion closed in the third quarter, down 50% in transaction value in the second quarter and 6% less than total infrastructure transaction value in the third quarter of 2018.
