Closed-ended infrastructure debt vehicles have raised $21.84 billion from 25 investors since 2010, according to Private Debt Investor data.
The Macquarie Group edges the competition with $4.66 billion gathered from the close of three funds. The largest was Macquarie Infrastructure Partners III, which beat the firm’s target of $2 billion to collect $3.04 billion in September 2014.
UBS Global Asset Management also entered the top 10 managers this week, having closed its debut infrastructure debt fund on €570 million. The firm’s vehicle, Archmore Infrastructure Debt Platform, has a mid-sized alternate lending deals strategy.
Tommaso Albanese, head of infrastructure debt at the firm, told PDI that the majority of the 17 institutional investors in the fund are new to the market; a sign of healthy industry growth.