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Laxman Pai, Opalesque Asia: In infrastructure, 17 funds closed in Q1 2020, compared with 24 in Q1 2019, meanwhile, in natural resources 22 funds closed, vs. 36 in Q1 2019, said Preqin.
That said, both asset classes secured more capital. Infrastructure funds raised $38bn, a 46% increase, while natural resources funds raised $44bn, a 52% increase.
In both cases, this was supported by the closing of a megafund: North America-focused Brookfield Infrastructure Fund IV, which amassed $20bn.
On the infrastructure deals front, the volume of transactions was in line with the number recorded in Q1 2019.
Six-hundred and three transactions were completed in Q1 2020, a slight increase from the 596 deals completed in the same period last year.
Meanwhile, the aggregate deal value rose by about 14% to $79bn.
"We noted a shift in the types of assets being funded: the energy sector, traditionally one of the most active sectors, observed a slowdown in deal activity," said Preqin.
The number of renewable energy deals dipped from 354 to 303, while the number of conventional energy deals slid from 71 to 47.
In contrast, the telecoms and social infrastructure sectors registered an increase in the number of deals compared with Q1 2019. The number of telecoms deals rose from 27 to 55 as demand for digital connectivity continues to rise, a trend that is accelerating during the global lockdown.
And the number of social infrastructure deals jumped from 10 to 53, support...................... To view our full article Click here
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