Infrastructure fundraising reached new heights in the third quarter, according to IREI’s FundTracker database.

Sixteen funds registered final closings, raising a record $39.8 billion of equity. Year-to-date, 35 infrastructure funds have closed with more than $69.4 billion raised, which already puts 2018 in the record books as the year with the highest 12-month fundraising volume.

The third quarter 2018 total far surpassed the amount recorded in the same period last year — $11.5 billion.

The majority of funds closed during the quarter (12) are targeting infrastructure investments globally, while the remaining funds (4) are targeting investments in the United States.

Several infrastructure funds closed during the quarter raised more than $1 billion of equity capital.

New York City–based KKR raised $7.4 billion during the quarter for final close of KKR Global Infrastructure Investors III, a fund focused on investments in OECD countries.

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