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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 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 by 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, it said.
With a 13.9% IRR over the 1 year to March 2021, infrastructure has regained losses from 2020, said Preqin.
"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," it noted.
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 working, therefore placing new demands on c...................... To view our full article Click here
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