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More than 350 infra funds are seeking capital: 68% of funds launched since beginning of 2014 still in fundraising mode
- November 1, 2017: Vol. 10, Number 10

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More than 350 infra funds are seeking capital: 68% of funds launched since beginning of 2014 still in fundraising mode

by Sheila Hopkins

According to IREI’s FundTracker database, there are currently 355 infrastructure investment funds, launched between Jan. 1, 2000, and Sept. 1, 2017, currently on offer. Approximately 10 percent of these funds are open-end, so you would expect them to have long tails and remain open for decades. About 130 closed-end funds in the market have been launched since 2014, so those are still relatively healthy. But 193 additional closed-end funds — 54 percent of the total currently marketing funds — were launched prior to 2014.

By comparison, the average time in the market for funds closing in the past three years has been someplace around 17.5 months, give or take a couple of weeks. 2015 was an outlier, with funds reaching a final closing that year taking only 15.4 months, on average, to reach their market cap.

Although they might not have officially reached a final close, it is unlikely that those funds launched in 2013 or earlier are still actively raising capital. It

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