Only three infrastructure funds held final closings in fourth quarter through Dec. 4, but their capital totals helped push infrastructure fundraising to new heights in 2018, according to IREI’s FundTracker database.

Fondi Italiani per le Infrastrutture (F2i), an infrastructure fund management company operating in Italy, has held a €3.6 billion ($4.09 billion) final close for a third fund, F2i Fondo Italiano per le Infrastrutture Fund III. Eiffel Investment Group, meanwhile, held a final close for its Eiffel Energy Transition Fund, an infrastructure debt fund that raised nearly $400.7 million.

InfraRed Capital Partners, meanwhile, held a final closing for its InfraRed Infrastructure Fund V with $1.2 billion of capital raised.

The $5.69 billion fundraising total in fourth quarter pushed fundraising totals for 2018 to more than $71.8 billion, with 39 fund closings during the year.

The Q4 2018 total falls far short of the total for the same period in 2017