Sector Investment 3 Days

Last updated: May 5, 2026, 2:30 PM ET

Infrastructure & Real Assets Fundraising

The infrastructure sector continues to attract significant capital commitments, evidenced by Ancala launching its fourth flagship fund targeting €2bn, significantly larger than its predecessor which closed on €1.4bn in February 2024 against a €1.2bn target. This strong fundraising momentum contrasts with the fixed-income environment, as market participants explore whether the growing popularity of infrastructure debt is directly fueled by the contraction in private debt allocations, although the differences between the two asset classes remain distinct. Furthermore, large infrastructure players are actively deploying capital, with Stonepeak leading a substantial $6bn utility deal, while Infranity is reportedly nearing the €3bn fundraising target for its latest vehicle.

Real Estate Strategy & Performance

In real estate, managers are grappling with portfolio performance volatility, with a growing number of covid-era deals underperforming, prompting investors to scrutinize whether manager selection or poor market timing is causative. In response to global expansion pressures, Azora appointed former Partners Group executive Anne-Jan Jager to spearhead international growth, aiming to build upon its existing US platform and secure new footholds across Europe. Meanwhile, digital infrastructure fundraising remains active, as seen by SDC securing $1.5bn midway through its fifth dedicated digital fundraise.