Of the year’s 71 real asset funds closed thus far, 75% (53) are earmarked for infrastructure along with 90% of their aggregate value. That’s more already than the $80.9 billion raised in all of 2013, but far less than the 164 funds involved.īut where real asset funds were 50% invested in infrastructure, this year’s funding is dominated by infrastructure funds. In recent years, according to a recent report by PitchBook (“Global Real Assets Report”), real asset fundraising has been modest but productive this year with 71 funds closing at $81.7 billion year-to-date. But while the headline focus has been on technology and all its seemingly clean and consumer friendly forms (we’re thinking EVs and fintech and healthcare and so on), one area that is meandering northbound, but quietly so, are “real assets.”Ĭall it “infrastructure” or “network” or “midstream,” behind some of the biggest deals moved by Texas lawyers this year involve real assets: the pipelines and information connectors of everything from oil pumps to airplanes. Even with the brief drop in oil prices last week - a rational and measured reaction to the Omicron variant - all forms of M&A seem to be having their best year in recent memory.