On The Infrastructure Investor Podcast, editor-in-chief Bruno Alves and Americas editor Zak Bentley explore how GP-led continuation vehicles (CVs) are transforming infrastructure investing. The rise of these vehicles reflects shifting LP sentiment, with limited partners increasingly favoring longer hold periods and more flexible structures.

The discussion highlights how changed LP sentiment is driving growth in GP-led CVs, allowing general partners to maintain stakes in high-performing assets while offering liquidity to investors. This trend is particularly evident in digital infrastructure and data centers, where growth platforms present compelling opportunities for extended value creation.

Bentley and Alves also examine the broader impact of secondaries activity and energy transition themes on the market. As traditional risk buckets evolve, GPs are blurring infrastructure boundaries in pursuit of returns, adapting strategies to accommodate new capital flows and investor demands.