Publications

- September 1, 2021: Vol. 14, Number 8

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Infra fundraising bounces back in Q2: Capital raised during the second quarter most since before COVID-19

by Sheila Hopkins

The COVID-19 rebound knows no bounds. With vaccines becoming widely available in spring 2021, the economy has bounced back so quickly that inflation is now more of a worry than recession, airlines and hotels are having trouble keeping up with the demand, and tickets to nearly every entertainment venue are selling out as soon as they are put online. Not to be left out, infrastructure private equity funds saw their best capital-raising quarter since first quarter 2020, i.e., the last quarter of fundraising before COVID-19.

According to IREI’s FundTracker database, infrastructure fundraising in second quarter 2021 grew sharply above first quarter 2021, and even more significantly above second quarter 2020.

By the end of second quarter 2021, 16 funds had raised more than $35.6 billion in equity capital. In first quarter 2021, $14.6 billion was raised through 10 fund closings. A year ago, in second quarter 2020, nine funds closed on an aggregate total of $14.0 billion. Ho

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