Sector Investment 3 Days

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

Infrastructure Fundraising Surges Globally

Global infrastructure fundraising is experiencing a significant rebound, with institutional investors allocating a record $913.4 billion to the asset class, a nearly 15% increase year-on-year global appetite underscored. Large-cap funds continue to dominate the fundraising landscape, despite evidence suggesting mid-market infrastructure often delivers superior investor benefits mid-market outperforms. The Asia-Pacific region's fundraising success in 2026 may hinge significantly on a single large fund, KKR Asia Pacific Infrastructure Investors III APAC fundraising rests on one fund. The overall infrastructure fundraising market is showing signs of a $1.2 trillion comeback, though discerning which players truly benefit remains a key question fundraising comeback.

New Infrastructure Funds Launch Across Sectors

Several new infrastructure funds are launching across diverse sectors, signaling continued investor confidence in the asset class. Seraya has reached the halfway mark for its $1.5 billion sophomore infrastructure fund Seraya hits halfway, while Conifer Infrastructure closed its debut fund at a $900 million hard cap, targeting a 25% net IRR and having already deployed approximately $190 million in hydroelectric, biogas, and helium ventures Conifer closes debut fund. Copenhagen Infrastructure Partners is seeking €16 billion for its latest renewables flagship, following a successful close above its €12 billion target for its previous fund in March 2025 CIP eyes €16bn. Reinova is aiming for a $500 million first close on its debut energy transition infrastructure fund, anticipating it will raise nearly two-thirds of its target within ten months of strategy launch Reinova eyes $500m. The National Investment and Infrastructure Fund (NIIF) is nearing a first close on its second infrastructure fund, with the Indian government contributing nearly half of the $3.5 billion target capital NIIF second fund close.

Infrastructure Investment and Strategic Partnerships

Strategic investments and partnerships are shaping the infrastructure landscape. Altérra has joined I Squared's $600 million co-investment in Peruvian power business Inkia, marking Altérra's first direct investment in Latin America and its second with I Squared Altérra joins I Squared. The European Bank for Reconstruction and Development is exploring infrastructure as the next frontier for nature finance EBRD eyes nature finance. Meanwhile, I Squared's Asia-Pacific platform is actively managing its pipeline, alongside news of Ares appointing a new head for its infrastructure debt division and Stonepeak making a pipeline exit I Squared APAC platform. Major infrastructure players are also outlining their vision for a $7 trillion AI capital expenditure supercycle AI capex supercycle.

Real Estate Fundraising and Market Dynamics

The real estate sector is witnessing significant fundraising activity and evolving market strategies. Starwood Capital achieved a notable $10.2 billion close for its Fund XIII, exceeding its $10 billion target set in 2023, reflecting strong investor appetite despite a changing market environment Starwood Fund XIII close. Centuria has secured backing from a Japanese investor for a single-asset Sydney office fund, raising approximately A$268 million in equity for a 50% stake in World Square precinct properties Centuria secures Japanese backing. The performance and fundraising success of private real estate managers absorbed into larger platforms is not always guaranteed path to scale uncertain. Separately, Jennifer Ciullo, a leading capital raiser from Greystar, has joined Hawkeye Partners to expand its fund platform from seeding emerging managers to launching its own real estate funds Greystar exec joins Hawkeye.

Real Estate Secondaries and Recapitalizations Gain Traction

The real estate secondaries market is experiencing a resurgence, evolving into a sophisticated capital formation tool and a permanent channel for capital flow as managers seek liquidity and investors look for exposure to in-demand assets rising tide for secondaries, secondaries dealflow rises. Recapitalizations are also becoming a more prominent strategy to unlock liquidity and extend hold periods in a challenging market, acting as more than just a liquidity tool by bridging Europe's funding gap and enabling platform institutionalization and growth private real estate rides.

Retail and Office Sectors Show Mixed Fortunes

Within the real estate market, specific sectors are exhibiting distinct trends. Everyday essential retail is seeing a resurgence, with capital returning to the sector driven by resilient income potential from retail parks and convenience formats, supported by disciplined execution essential retail resurgence. Open-air retail centers are also gaining momentum, presenting notable investment opportunities in the current retail landscape open-air retail momentum. In contrast, office market exposures are being recalibrated by core managers, with divergent approaches observed among firms that leaned into niche strategies office exposures recalibrated.

Manager Expansions and M&A Activity

The real estate manager landscape is marked by strategic expansions and significant merger and acquisition activity. Matter Real Estate has appointed a former Ares executive to lead its European expansion, hiring its first head of Europe to scale its continental platform Matter expands in Europe. In a notable manager-on-manager acquisition, Bridgepoint Group is set to acquire Kayne Anderson's real estate arm for $1.4 billion, a deal driven by the need for scale in response to changing investor allocation habits Kayne Anderson exits.

Healthcare Private Equity Trends

In the healthcare sector, private equity continues to focus on physician practice management and emerging trends. The momentum behind healthcare private equity is being traced, with a partnership at McGuire Woods LLP noting the driving forces in this space healthcare private equity trends.