The infrastructure sector’s relatively safe rate of returns and investors hunt for yield has led to a surge in appetite among risk-averse investors for European infrastructure funds.
Data provider Preqin said 15 Europe-focused infrastructure vehicles completed fundraising in 2015, raising an aggregate €200m, compared with €9.6bn raised by 21 funds in 2014 and a record €10.5bn raised by 25 funds in 2013.
Colonial First State Global Asset Management and Copenhagen Infrastructure Partners raised the biggest infrastructure vehicles aimed at Europe last year, each garnering €2bn.
If the current global $57 trillion infrastructure financing gap is to be closed, then even more private sector investment will be needed.
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