In the past three years, 92 infrastructure investment funds have held final closings, raising an aggregate total of $155.4 billion. These funds were sponsored by 80 different managers, with nine managers closing more than one fund since Jan. 1, 2014.

As expected, the top infrastructure managers control an outsized share of the market. The five largest single funds, for example, accounted for 24 percent of all capital raised, despite being only 5 percent of all funds closed. The top 10 funds brought in 38 percent of the capital, while taking up only 11 percent of the closed list.

Similarly, the top five managers closing more than one fund in the past three years accounted for 23 percent of the capital raised. In aggregate, the nine managers who closed more than one fund raised 27 percent of the capital.

When looking at the largest funds closed in each region, only Macquarie Infrastructure and Real Assets makes the top five in more than one region. Macquarie had i