Sector Investment 24-Hour Briefing
×Last updated: October 6, 2026, 10:11 PM ET
Infrastructure Fundraising
Meridiam raised $4.5bn for its North America Core Fund, marking the Paris-based firm's second continuation vehicle. The multi-asset vehicle extends the life of core infrastructure assets while providing liquidity to existing investors.
LP Dynamics
Special purpose vehicles are proliferating as limited partners demand greater control over portfolio construction. CSC's Thierry d'Argent notes LPs are now firmly in the driver's seat, using SPVs to customize exposure and manage vintage-year risk.
Manager Selection Debate
New research highlights the mid-cap versus large-cap trade-off in infrastructure allocation. Mid-cap funds offer higher return ceilings but exhibit wider performance dispersion, while large-cap managers deliver more consistent floors with lower volatility.