According to IREI’s FundTracker database, infrastructure fundraising in fourth quarter 2019 far outpaced previous quarters during the year, with eight funds raising more than $41 billion.
Fourth quarter 2019 fundraising far outpaced third quarter ($8.2 billion) and the mega-fund trend continued during December with Global Infrastructure Partners closing its $22 billion Global Infrastructure Partners IV fund. Also in December, BlackRock Real Assets raised $1 billion at first close for its Global Renewable Power III fund (GRP III), the third vintage of BlackRock’s global renewable power fund series. The fund received commitments from more than 35 institutional investors in North America, Europe and Asia. Also in December, Copenhagen Infrastructure Partners closed Copenhagen Infrastructure New Markets Fund I (CI NMF I), with $1 billion in commitments.
During fourth quarter, 12 new closed-ended funds launched, seeking nearly $17.5 billion in total commitments, accordin