Early numbers are in for infrastructure investment funds closing in second quarter 2016 — and it appears that the mega-mega-funds waiting in the wings to close have vacuumed up nearly all the available capital in the market.

Seven funds held final closings in the second quarter, which is the same number closing in first quarter 2016, and close to the number closing in second quarter 2015 (nine). The amount of capital raised, however, fell significantly.

Second quarter 2015 saw funds closing with an aggregate total of $17.2 billion. First quarter 2016 saw a bit less raised — $16.2 billion — but still in the ballpark. Preliminary data on second quarter 2016, however, indicates that only $5.9 billion in capital was raised by funds closing in that time frame.

When comparing the first half totals for 2015 and 2016, we find that 17 funds were closed in first half 2015, while 14 closed during first half 2016. These funds raised an aggregate of $34.3 billion and $