According to IREI’s FundTracker database, preliminary numbers show, infrastructure fundraising in 2019 has outpaced previous years. Through Dec. 10, 28 funds had raised more than $76.0 billion in equity capital. In 2018, $74.6 billion was raised through 38 fund closings, which pushed past the 12-month fundraising total during the same period of 2017 of more than $60 billion.

Fourth quarter 2019 totals have yet to be fully tallied and so there is room to grow even further. Fourth quarter 2019 fundraising through Dec. 12 ($32.2 billion) has far outpaced third quarter ($8.2 billion).

In 2019, the mega-fund trend has continued with Goldman Sach closing its $22 billion Global Infrastructure Partners IV fund. 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 Nor