Continuation vehicles (CVs) are becoming a key part of the infrastructure investment toolkit as they solve real problems for limited partners (LPs). CVs allow general partners to extend the life of successful assets beyond traditional fund terms, providing liquidity to LPs while maintaining upside potential. This structure has gained popularity amid market volatility and longer asset holding periods.

New Zealand is exploring infrastructure as a means to boost foreign direct investment, reflecting broader global interest in the sector. Future Fund’s infrastructure allocation continued to grow in 2025-26, reaching A$33 billion, underscoring institutional commitment to the asset class. Swiss LP adviser In Pact has entered the infrastructure secondaries market, aligning with a broader drive into this growing segment.

Meanwhile, Korea’s National Pension Service reported slowing infrastructure assets under management growth, highlighting divergent trends across regions. The IMAS Foundation avoids large infrastructure general partners due to concerns over erratic U.S. policy, while Hesta’s head of unlisted assets, Will Mac Aulay, has departed the organization. These developments illustrate how CVs and related strategies are evolving to meet LP demands for flexibility, transparency, and long-term value in infrastructure investing.