Thursday, February 21, 2019

Global fund raising summary

The summary of unlisted infrastructure fund raising in 2012-18
There were 67 unlisted infrastructure funds which closed in 2018 raising a combined $85 bn, a record capital raise. Of them 22 N America focused funds raised $44bn and 33 Europe-focused ones raised $35bn. The average fund raise was $1.3 bn, with 71% which closed this  year exceeded their targets. Four funds raised more than $5 bn, of which each of Brookfield Infrastructure Fund IV and Global Infrastructure Partners IV are targeting $20bn,. With this, the total dry powder available is at a new record $172 bn as at December 2018. In early 2019, there are 208 funds raising $193 bn.

Of the 2454 infrastructure deals in 2018, Asia accounted for just 12.1%. Further, US, Europe and China form the vast majority of infrastructure deals. And 64% were secondary market deals. 
There were 1175 PE funds which raised $426 bn, down from $552 bn in 2017. Of them, funds focused on N America raised $240 bn, Europe $90 bn, and Asia $80 bn. The average fund size was $363 mn, with the largest fund closed being a $18.5 bn by Carlyle Partners VII. The dry powder available was $1.2 trillion as on end-December 2018. Beginning 2019, there are 3750 PE funds seeking a total of $977 bn.

The global alternative assets under management stood at $8.8 trillion in end-2017 and is expected to touch $14 trillion by 2023. 
The global VC industry, at 21% of global PE, was $660 bn in 2017. US, Europe, and China dominate the global VC industry.
In 2018, alternative assets raised $757 bn.


Unknown said...

Hello Sir,

Can I get your email address, please? I am at HKS pursuing the 2 year MPA (graduating in 2020) and belong to the Indian Economic Service (2011 batch). Very keen to be in touch.


Urbanomics said...