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Investors have a wide choice of funds: Nearly 200 infrastructure investment funds are on offer
- October 1, 2019: Vol. 12, Number 9

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Investors have a wide choice of funds: Nearly 200 infrastructure investment funds are on offer

by Sheila Hopkins

According to IREI’s FundTracker database, 179 infrastructure investment funds are currently on offer. Of those, 127 are closed-end, 46 are open-end, and six are semi-open, with an expectation they will close at some time, but not soon.

Seventeen of those closed-end funds were launched before 2016. That means they have been marketing for more than three-and-a-half years, with most on offer four years or more. With the average closed-end fund reaching a final closing in about 19 months, give or take a few weeks, it is unlikely those 17 funds are actually being marketed. Although they have not officially reached a final close, most of the closed-end funds taking more than three years to close simply are not resonating with investors, and probably never will.

If we assume those closed-end funds launched in 2015 or earlier are de facto off market, we have 110 closed-end funds currently soliciting commitments. These funds are seeking an aggregate total of at least $145 bil

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