PDI Picks – 7/1/2019

Infrastructure debt fundraising is falling short


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Investors say they are interested in the strategy, but few are putting their money where their mouth is.

Infrastructure debt fundraising has hit a lull so far in 2019 as the market enters the second half of the year. Infrastructure debt fund managers have only held final closes on a little more than $800 million so far this year across two funds, in comparison to the $3.2 billion across four funds that had been raised at this point last year.

This number looks even bleaker when stacked next to the amount of capital being sought out for infrastructure debt managers. According to data from sister publication Infrastructure Investor, the funds in market are currently seeking more than $27 billion.