As in 2016, GIP and Brookfield were among a handful of big brand managers that exerted a gravitational pull on USD 82bn of closed-ended, unlisted funds closed last year. The test of the asset class in 2020 will be whether lesser known funds can benefit from the vacuum they have left behind, reports Pablo Martinez
With a large uptick in fundraising in the last quarter of the year, 2019 was yet another record-breaking year for infrastructure and renewable energy fundraising in terms of total capital raised, marking a continuous year-on-year increase since 2014.
In total, USD 81.73bn reached final close throughout the year, just over USD 10bn more than the USD 71.34bn raised in 2018, and substantially more than the USD 52.60bn raised in 2017.