The infrastructure market has grown almost ten-fold in four years according to
The UK research specialist has published the 2008 Preqin Infrastructure Review, which revealed that the aggregate capital rose from US$3.7bn to US$34.9bn from 2004-2007.
Growth looks set to continue as infrastructure funds in 2008 have already raised US$13.2bn.
Over the past four years, 20 funds primarily focused on North America have closed raising US$41.5bn, with a further 17 funds currently on the road seeking an aggregate total US$27.3bn.
Further evidence of the scale of the infrastructure market can be seen from two funds that closed in May that raised almost US$10bn. The largest of the two was
The report also observes how the infrastructure market has changed over the last few years, growing from a niche sector of the private equity industry to being what many in the industry regard as a separate asset class. Forty-seven percent of active investors in the asset class have established a separate allocation of infrastructure, while 43% include infrastructure funds in their private equity portfolio and 10% include it in their real assets portfolio.