For much of the past 10 years, infrastructure fundraising has ebbed and flowed — up one year, down the next. Based on early numbers, it appears that 2017 will continue that pattern. Looking at the numbers, however, we can see that overall fundraising is growing ever so slightly, with each ebb and flow being a bit higher than its previous counterpart. For example, the market closed on $49.3 billion and $51.3 billion in the 2014 and 2016 ebb years, respectively, and $56.4 billion and $57.1 billion in the flow years of 2015 and 2017. More capital will likely be attributed to 2017 as additional fund closings are captured and added to the database.
Of the 28 funds that closed last year, nine (32 percent) were mega-funds (funds that raised $2 billion or more). These funds accounted for $41.8 billion, or 73 percent, of the total. The number of managers and investors might be increasing, but infrastructure is still a big manager’s game.
Average time on offer for infrastruc