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Average infra fund size continues to grow: While average time on offer falls year over year
- April 1, 2019: Vol. 12, Number 4

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Average infra fund size continues to grow: While average time on offer falls year over year

by Sheila Hopkins

The time infrastructure private equity investment funds were on offer had been creeping up over the past four years. In 2018, however, that upward trend saw a dip, as the average time in the market fell from 20.7 months in 2017 to 17.1 months in 2018. The trimmed mean, which excludes the top and bottom outliers, also fell. In 2017, the trimmed mean stood at 18.6 months, while funds reaching a final close in 2018 took only 16.8 months to reach their targets. The 2018 numbers come very close to mirroring those of 2016. And all of these times are longer than those of funds closing in 2015. The all-funds average fund size increased slightly year over year, from $1.9 billion in 2017 to $2.0 billion in 2018. The trimmed mean, however, finds a more significant increase, with 2017 funds each raising an average of $1.5 billion compared to the 2018 trimmed mean of $1.8 billion. Mega-funds (those raising $2 billion or more) are obviously towering over non-mega-funds, with the 2018 average mega

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