Greenfield financing continued a downward trajectory in H1 2023. According to IJGlobal data, deal volume was at its lowest point since H2 2020, coming in at 1,677 and recording an 11.5% decrease from the corresponding half in 2022

As IJGlobal wades through data from the first half of this year, it’s timely to publish regional snapshots of the first quarter, spotting trends as the infrastructure finance community struggles in a challenging market

The first quarter of 2023 could best be described as slow on the fundraising front. After a record-setting year for closed-end fundraising in 2022, the first quarter of 2023 has fallen flat

The anticipated slump in global activity across greenfield finance – and refinance – of infrastructure and energy has played out this quarter with significant declines recorded in Q1 2023

Infrastructure finance remained steady throughout 2022 despite geopolitical turmoil that roiled markets after Russia invaded Ukraine in February

Last year saw a return to pre-pandemic fundraising for closed-end infrastructure funds, according to IJGlobal research

Having compiled all the IJInvestor data on infrastructure closed-end fundraising for the third quarter of 2022, the headline figure already almost outstrips full-year 2021… with a record-breaking tally clearly on the cards

This quarter, primary financing deals overall continue to hold steady although there has been a significant drop in refinancings