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Laxman Pai, Opalesque Asia: The first half of 2022 saw big capital commitments to private infrastructure funds globally, most of which targeted North America. Fundraising is on a growth trajectory and has already reached $143bn year to date, according to Preqin.
According to the new territory guide about infrastructure investment in the Western US, telecoms, and energy transactions have already pushed the region's total deal value to $18bn in the year to September 2022. That's part of a long-term upward trend, even if it's well below 2019's $30bn total, which now looks like an outlier. Investors are putting more capital to work per deal as they raise bigger funds.
"While aggregate deal value has not regained the record levels of 2019, it remains well above $4.7bn in 2018 and $8.5bn in 2017," the report said.
Western US infrastructure investment has mostly been local. NonUS buyers did not return to the region in any great number after the pandemic, remaining predominantly domestic. For the past two years, aggregate deal value in the region for non-US buyers has remained below $1bn, with only two deals completed in that time.
While foreign investments have waned, US companies have driven recent deal activity. The number of deals decreased slightly from 127 in 2020 to 110 in 2021.
However, the aggregate deal value went up in that time, from $12.8bn to $14.6bn respectively. Investors are putting more capital into fewer deals, something that has been most no...................... To view our full article Click here
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