Sector Investment 3 Days

Last updated: April 8, 2026, 5:30 AM ET

Infrastructure & Real Assets Fundraising Momentum

The infrastructure sector saw continued capital deployment, with Nuveen’s EPIC II fund nearing a $2 billion second close, signaling undiminished appetite for the asset class despite economic headwinds. On the specialty finance front, Ninety One is targeting up to $1 billion for a new global emerging markets infrastructure debt strategy, aiming to scale its existing EM transition debt efforts to $5 billion. Concurrently, the Chinese state-backed CEFC is seeding a new open-end fund managed by Australian Ethical with A$125 million of its existing assets, aiming for an eventual size of A$1 billion; this recycling of capital demonstrates a strategic shift in managing mature infrastructure holdings CEFC assets.

Real Estate Strategy Shifts & ESG Integration

In real estate investment, Carmel Partners successfully secured $1.35 billion for its ninth US multifamily fund, marking a strategic pivot away from ground-up development toward acquiring and upgrading existing operating assets as current return profiles favor acquisitions. Meanwhile, energy-focused firm Galvanize raised $370 million for its inaugural real estate fund, embedding performance mandates by tying management fees directly to achieving operational net zero status for properties within three years of acquisition. These moves contrast sharply with regulatory pressures facing digital infrastructure, as numerous state and local governments across the US are seeking to impose moratoriums to gain greater oversight on the pace of data centre expansion.

Digital Infrastructure & European Consolidation

Digital infrastructure markets across Europe are showing divergence, with some fibre markets flourishing due to supportive regulation, while others face a necessary "cleansing" driven by overbuild and unsustainable leverage levels. This regional fragmentation underscores the uneven deployment of capital, contrasting with the significant commitments seen elsewhere, such as InfraVia doubling down on power assets as part of broader infrastructure pipeline activity. Furthermore, Foresight formalized its leadership by naming a new head of real assets, positioning the firm for increased focus on physical asset strategies