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- May 1, 2017: Vol. 10, Number 5

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Q1 2017 infrastructure first look: One mega-fund accounts for more than half of capital raised

by Sheila Hopkins

Early numbers for infrastructure investment funds closing in first quarter 2017 indicate that funds are continuing to grow, but they are taking longer to reach a final close.

During the past two years, the total amount of capital raised each year was relatively stable. 2015 saw $56.1 billion raised, while 2016 came in at $56.4 billion. 2017 might end up blowing these numbers out of the water, as more than $30.9 billion has closed in the first quarter alone. However, more than half this total was the result of one ultra-mega-fund — the $15.8 billion Global Infrastructure Partners (GIP) Fund III, which closed with $15.8 billion in commitments. Without this fund, the quarter would have seen a total of $15.1 billion raised by closed funds, which is more in line with previous years. The first quarters of 2015 and 2016 saw $17.6 billion and $16.2 billion raised by funds reaching final closing, respectively. The question now begging for an answer is: Has 2017 fundraising been fron

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