Infra’s $1.2trn fundraising comeback – but who really wins?

In this episode, Bruno Alves, Infrastructure Investor’s editor-in-chief, sits down with Americas editor Zak Bentley. They start with the latest Infrastructure Investor 100 ranking of the world’s largest managers, and analyse what it tells us about the evolving shape of the global infrastructure market. With a total of $1.2 trillion raised over the last five years, the numbers point to a strong recovery – but also highlight just how concentrated the industry has become, with a handful of large-cap managers commanding the lion’s share of capital. They also unpack our latest quarterly data on fund performance, highlighting the dispersion between top- and bottom-quartile funds that challenges infrastructure’s reputation as a consistently defensive asset class. Finally, they touch on how strategies are evolving to reflect the digital capex supercycle we find ourselves in.