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Laxman Pai, Opalesque Asia: In Q3 2019, 593 infrastructure transactions were completed for an aggregate value of $88bn, said Preqin.
Although this marks a quarter-on-quarter fall of 50% in total deal value, following the quarterly record of $176bn set in Q2 2019, this can be largely attributed to the $55bn acquisition of Anadarko Petroleum in Q2.
Investment levels are almost identical to Q3 2018, when 592 deals were completed for a total of $93bn, said Preqin in its quarterly update on infrastructure.
The number of infrastructure transactions in Asia increased from 69 in Q3 2018 to 104 in Q3 2019, whereas North American deals declined by 23% over the same period, falling from 198 to 158.
Renewable energy remains the largest sector in the market, accounting for 51% of all completed deals in Q3 2019.
ESG credentials and predictable cashflows make it an attractive proposition for investors.
Nevertheless, other industries are on the rise - the total number of transport deals surpassed energy deals for the first time since Q2 2016 (84 vs. 74 respectively), while the number of telecoms deals nearly doubled from 22 to 40 between Q3 2018 and Q3 2019 - a reflection of the growing demand for assets like cell towers and data centers, and an example of the broadening definition of the asset class.
Unlisted infrastructure outperforms all other asset classes
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