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Sector Investment 3 Days

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12 articles summarized · Last updated: LATEST

Last updated: June 23, 2026, 11:30 AM ET

Infrastructure Investment

The Japan Science and Technology Agency is initiating investments in infrastructure secondaries, signaling a growing appetite for such assets. This move comes as Conifer Infrastructure successfully closed its debut fund at a $900 million hard-cap, with approximately $190 million already deployed into hydroelectric, biogas, and helium platforms targeting a net internal rate of return of 25%. Meanwhile, Seraya has reached the halfway point for its second infrastructure fund, aiming for a $1.5 billion total. In a related development, the European Bank for Reconstruction and Development is exploring infrastructure as a key area for nature-based finance. The pipeline for infrastructure deals remains active, with I Squared expanding its APAC platform and Ares appointing a new head for its infra debt division.

Real Estate Investment

Madison International has named two senior executives as future leaders of the firm following a multi-year succession plan, though three other executives have departed the secondaries manager. In California, the LA Fire and Police Pension system is being urged to increase its deployment of capital, considering a greater allocation to niche real estate strategies while reducing its exposure to public REITs. The Bank of England is collaborating with major real estate lenders to conduct a significant stress-testing exercise on private market exposures. In South Korea, KB Securities has indicated an openness to new partnerships with global general and limited partners. The PSP Public Sector Pension Investment Board reported a $1.5 billion loss in its real estate portfolio, attributing a -7.3% return in fiscal 2026 to residential oversupply and domestic immigration policies, and is shifting its focus toward infrastructure.

Sector Themes & Strategy

Renewable energy is coming under renewed scrutiny as energy costs rise, with real estate managers evaluating how such assets can mitigate risks exposed by global supply chain volatility. Separately, the LA Fire and Police Pension system is considering niche real estate strategies as it pares down public REIT exposure, reflecting a broader trend of seeking diversification. The PSP Public Sector Pension Investment Board has shifted its strategy, reporting a substantial real estate loss and signaling a move toward infrastructure investments. Meanwhile, the Japan Science and Technology Agency is entering the infrastructure secondaries market, indicating a growing institutional interest in specialized asset classes.