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Alternative Market Briefing

A record 337 infrastructure funds targeting $235bn in capital in Q3 2021

Wednesday, October 13, 2021

Laxman Pai, Opalesque Asia:

As infrastructure outperforms nearly all other alternative asset classes, the value of aggregate capital targeted by funds in the market in Q3 2021 is up 15% from the start of the year, with a record 337 funds targeting $235bn in the capital, said a study.

According to the Q3 2021 Infrastructure Quarterly Report published by Preqin, infrastructure fundraising is also becoming more competitive, with a greater increase in the number of funds raised up 28% within the year.

Investors are ramping up the competition, with a significant increase in the proportion of investors planning to commit to four or more funds in the next 12 months, up from just 3% a year ago, to 19% now.

The study revealed that with a 13.9% internal rate of return (IRR) over the one year to March 2021, infrastructure has more than regained its losses from 2020. Infrastructure also outperforms all other alternative asset classes, except private equity, over the three- and five-year horizons, and only losing out to real estate over the 10-year horizon.

Preqin data further shows that the infrastructure deals market has emerged resiliently from 2020, with larger assets starting to trade after a wait for an improved exit environment.

What's more, the average number of telecoms deals remains above the pre-pandemic levels, with Q2 2021 the busiest quarter for the sector ever. Telecom is benefitting from a sectoral shift in demand, as the world embraces hybrid......................

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