Publications

- December 1, 2017: Vol. 10, Number 11

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Q3/17 first look: Steady as she goes

by Sheila Hopkins

Infrastructure private equity investment funds reaching a final close in third quarter 2017 added about $7.6 billion to the year’s total, bringing 2017 slightly ahead of 2016’s three-quarters total. This is a good sign for the health of the industry, given that the first quarter was dominated by the closing of the $15.8 billion Global Infrastructure Partners III. In previous years, when a huge amount of capital was committed to one fund, the industry tended to take the rest of the year off, almost as if that one fund had managed to sweep up all available capital. Although there was a significant drop-off in second quarter 2017 — the second quarter is typically noticeably lower than the first — additional closings in the first quarter, as well as second and third quarters, have shown that relatively smaller funds are also experiencing success.

Funds reaching a final close in third quarter 2017 raised a total of $7.6 billion, bringing the total for the year to $41.4 bil

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