In October 2009, Preqin interviewed 42 leading institutional investors in unlisted infrastructure funds from around the world as to their activity to date in 2009, their intentions for the coming year, and their thoughts on key issues affecting the industry, such as fund terms and conditions.

The full results of this survey can be found here: www.preqin.com/InfraSurvey

Key findings of the research include:

• 81% of investors have not made any new commitments in 2009, 14% have invested in one fund, only 5% in more than one new fund.
• 30% of those not committing had postponed pending commitments, 5% had cancelled commitments, 65% did not invest as they had reached their targeted allocation.
• However, 40% of investors polled will be making at least one new commitment in the coming year (21% in one fund, 19% in more than one fund). 29% have no plans to invest while 31% are undecided.
• In the long term 76% of investors will definitely be investing in the unlisted infrastructure fund market, including 13% that will be increasing their allocation. A total of 11% will no longer be investing and 13% are undecided.
• 62% of investors are not prepared to consider funds with a 2/20 fee structure, compared with 14% which will accept a 2/20 structure. 24% of investors will only consider funds with a 2/20 structure under certain conditions.

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Posted by claire at October 19, 2009 9:34 AM