Every year since Pensions & Investments starting tracking the data in 2007, U.S. plan sponsors have put more assets into infrastructure investments. Allocations have climbed to almost $36 billion, up from less than $1 billion in 2007. In 2007, only one investor had more than $100 million invested in infrastructure. In the latest survey, 11 pension funds had more than $1 billion in infrastructure assets.
P&I’s private fund close database has tracked almost 50 funds raising an aggregate amount of more than $200 billion. The average amount raised was around $4.4 billion. Brookfield Asset Management has raised the most at more than $40 billion, including the $20 billion Brookfield Infrastructure Fund IV, which as $3 billion above its target and $6 billion more than the previous fund.
Over the past decade, P&I has reported almost 600 infrastructure hires. The average mandate was for $150 million. Stonepeak Infrastructure Partners, Global Infrastructure Partners, Brookfield and IFM Investors. All received more than 30 mandates.