Sector Investment 3 Hours

Last updated: June 18, 2026, 5:30 PM ET

Infrastructure & Capital Allocation

The global infrastructure market is witnessing a resurgence in fundraising as managers target a $1.2tn pool of dry powder, prompting large GPs to align their strategies with a $7tn capital expenditure supercycle driven by AI-related energy demand. As competition for assets intensifies, AllianzGI is shifting its requirements for general partners, moving beyond traditional flagship funds to demand more specialized operational expertise and transparency in how managers deploy capital across these massive, long-term technological bets.

Strategic Partnerships & Co-Investment

Asset managers are increasingly mitigating risk through collaborative investment structures, opting to share exposure rather than pursuing aggressive strategies in isolation. Reflecting this trend, Altérra joined a $600m continuation vehicle led by I Squared Capital to support a Peruvian power business, a move that highlights the growing preference for anchor investors to syndicate capital when entering complex emerging market infrastructure deals. This shift toward co-investing allows firms to maintain larger positions in high-growth utility sectors while sharing the capital burden and operational oversight required to manage regional power assets. By pairing with institutional peers, these firms improve their ability to execute on capital-intensive projects that might otherwise carry excessive concentration risk for a single fund.