Tue, May 17, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Smaller infrastructure fund manager come under presser from larger peers

Monday, July 08, 2019

Laxman Pai, Opalesque Asia:

The infrastructure industry fundraising has been heavily cyclical in recent quarter as investors are generally looking to make fewer and smaller investments than they were 12 months ago, deal activity has been lacklustre for the past year.

According to Preqin Quarterly Update, infrastructure fundraising has been strong overall in the first half of 2019, but Q2 has not matched the levels seen in Q1.

More funds did reach a final close - 18 compared to 13 in Q1 - but capital totals fell from $24bn to $19bn globally. Nevertheless, the industry has already secured $43bn from investors so far this year.

North America saw the greatest number of fund closures, as 10 funds secured $8.5bn for the region.

Although just four Europe-focused funds closed, they collectively raised almost as much ($8.1bn), far more than was raised by funds focused on the rest of the world.

No Asia-focused funds closed in the quarter, illustrating the relative lack of activity for the region despite its huge infrastructure needs.

Those funds that did close in Q2 generally spent relatively little time in market, suggesting that, for at least some fund managers, fundraising is becoming a quicker and smoother process.

No fund closed had been in market for more than two years, and almost 60% were on the road for less than a year. This contrasts with 2018, when 22% of funds closed had been in market for two years or more.

New unlisted infrastructure......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm