Infrastructure funds draw strong demand as times get tough

By PAUL HODKINSON

THE AMOUNT of money raised for private-equity funds has been rapidly growing as investors hunt for opportunities. According to data provider Private Equity Intelligence, or Prequin, unlisted infrastructure funds valued at a total of $34.9 billion were raised in 2007, a more-than-fivefold increase from $6.6 billion raised in 2005.

So far in 2008, funds valued at $13.2 billion have been raised, and 71 funds are raising money globally, aiming for a combined total of $90.8 billion. The largest proportion is focused outside the U.S. and Europe, with 33 focused on Asia and the rest of the world. However the highest value of funds sought is in the U.S., where 15 funds are raising $34 billion.

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Posted by boyang at July 23, 2008 11:47 AM