Today’s fundraising market might be best characterized as the “mega-fund era” — larger funds raised by larger established firms dominate. But that doesn’t necessarily mean they are having an easy time of it.

If “mega-fund” is a good description of one of the trends in today’s market, another could be road warriors — infrastructure investment managers are hitting the road. According to IREI’s FundTracker database, of the 32 new funds launched as of Sept. 1, 18 of the products that have an announced maximum fund target are seeking to raise an aggregate of more than $68.6 billion. This total is skewed by the eye-popping $40 billion Blackstone/PIF Global Infrastructure Fund, but there are several other mega-funds — funds raising $1 billion or more — adding to the total. The Stonepeak Infrastructure Fund III, the KKR Global Infrastructure Investors III and the ISQ Global Infrastructure Fund II are each seeking $5 billion, while a couple of others are aiming