Funds and Investors Report 2022 – life returns to fundraising


Fundraising for closed-end infrastructure funds hit a record in 2022, with a return of pre-pandemic levels of dominance by the largest funds, according to IJInvestor research. 

Capital raising in the last calendar year reached record levels compared with the previous 5, nearing $147 billion – up from $140 billion in 2021.

The average size of vehicles hit a high mark, surpassing $2.3 billion in 2022. This is compared to an average of about $1.7 billion for 2017-2022. Further, the average time taken to reach final close has continued its rise, now standing at 26 months – an all-time high for the last 5 years.

Funds have consistently overperformed, with a majority of vehicles surpassing targets, attaining as much as 150% at final close.

New funds launched in the year were dominated by mega-funds targeting developed markets. Data suggest that this trend is expected to continue in 2023. 

Fundraising was dominated by the 5 largest funds with concentration levels nearing 50%, which is similar to levels on a yearly basis last seen before the pandemic. 

Equity vehicles were the most attractive strategy for LPs over the past year. Investors, however, have also been looking at diversified strategies.

To access the report (it takes two clicks) CLICK HERE…

Related Companies

KKR & Co Company Tracker
BlackRock Company Tracker