Sector Investment 3 Days

Last updated: July 4, 2026, 11:30 AM ET

Infrastructure Fundraising Surges Amidst Energy Transition and Digitalization Push

Global infrastructure fundraising is experiencing a significant rebound, with managers targeting substantial capital raises across diverse strategies. Seraya Partners is halfway to its $1.5 billion target for its second infrastructure fund, aiming for final close by year-end 2026. Concurrently, Conifer Infrastructure successfully closed its debut fund at a $900 million hard cap, already deploying approximately $190 million into hydroelectric, biogas, and helium projects with a target net IRR of 25%. The European Bank for Reconstruction and Development (EBRD is viewing infrastructure as a key frontier for nature-based finance, signaling a growing trend towards sustainable investment mandates. AllianzGI is also increasing its focus on infrastructure secondaries, reflecting a broader market interest in accessing established portfolios. This surge in activity is underscored by Uniper's transformation, which is being heralded as a positive moment for infrastructure funds as the company navigates its own restructuring.

The Asia-Pacific region is a focal point for large-scale infrastructure capital, with significant fundraising efforts underway. KKR may be instrumental in the region's 2026 fundraising performance with its Asia Pacific Infrastructure Investors III fund. Samsung Asset Management is actively looking to boost its infrastructure exposure, particularly favoring energy-related opportunities as it expands its risk appetite. Meanwhile, the National Investment and Infrastructure Fund (NIIF) is nearing the first close of its second infrastructure fund, with the Indian government contributing nearly half of the $3.5 billion target. I Squared Capital is also active, with its APAC platform and a notable pipeline exit, while Altérra has joined I Squared’s $600 million vehicle for a Peruvian power business, marking Altérra's first direct Latin American investment.

Renewable energy and energy transition projects are attracting substantial investor interest, with managers launching new vehicles to capitalize on this trend. Copenhagen Infrastructure Partners (CIP) is targeting €16 billion for its latest renewables flagship fund, following the oversubscribed close of its previous fund at €12 billion in March 2025. Reinova is aiming for a $500 million first close on its debut energy transition infrastructure fund, having secured almost two-thirds of its target within ten months of launching the strategy. These efforts reflect a broader market shift, with the European Bank for Reconstruction and Development (EBRD) identifying infrastructure as a critical area for integrating nature finance.

Several infrastructure funds are also focusing on debt and specialized opportunities. I Squared Capital is expanding its reach with a new infrastructure debt head at Ares, indicating a growing appetite for flexible capital solutions. The manager is also active in its APAC platform with its pipeline exits. The global push for infrastructure development is further supported by insights into the sector's significant fundraising comeback, though the distribution of this capital and its ultimate beneficiaries remain a subject of analysis.

Real Estate Capital Markets Navigate Shifting Environments

The real estate sector is seeing varied fundraising and investment strategies as managers adapt to evolving market conditions. Starwood Capital successfully closed its Fund XIII at $10.2 billion, surpassing its $10 billion target and capitalizing on what it described as an "attractive entry point" for real estate investments. The fund, launched in 2023, gathered significant momentum over the past year despite a changed market environment. In the student housing sector, Australian superannuation fund Aware Super has made its debut commitment of €426 million to a venture that will also provide its first exposure to German real estate.

Centuria has secured backing from Japanese investors for a single-asset office fund in Sydney, raising approximately A$268 million in equity to acquire a 50% stake in World Square precinct properties. In a move to deepen its capital relationships, Urban Partners has appointed a North American investor relations lead, Jennifer Andersson, formerly of Niam, to expand its reach in the US and Canada for its Northern Europe-focused strategy. The performance of real estate capital advisory firms is being tracked by PERE’s inaugural placement agent, which assesses equity raised over the past year.

Healthcare Sector Sees Strategic Divestitures and New Investments

The healthcare and life sciences private equity sector has witnessed strategic transactions, including significant divestitures. Arlington Capital Partners has announced its agreement to sell Riverpoint Medical to Novanta, a move that signals active portfolio management within the sector. This transaction highlights a dynamic environment where private equity firms are actively repositioning their investments to align with evolving market opportunities and strategic growth areas within healthcare.