Millions and billions

When your average fund size is 1 Billion USD, how do you invest in assets that are 10MUSD and under?

Let me help you with the answer: you don't.

Infrastructure investor published last week an article with title "Green fundraising bloomed in 2023". The article tells you that in 2023 about 23 billion USD was raised by funds that carry a label "energy transition". That's great!

But when you dig into details, you realise this fundraising was done by roughly 20 funds. So each one of them is about 1 billion USD in size.

When you operate a fund that size, your minimum ticket size cannot be less that 50-100MUSD. The closer to 100MUSD, the better.

Great majority of energy transition takes place in improving existing infrastructure. The project size is from under a million to some 20-30USD for larger projects. So not in scope.

So let's reword the Infrastructure Investor article title into "Green fundraising was blooming for large one-off projects but the smaller grassroot level is still experiencing drought".