Sector Investment 3 Hours

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

Infrastructure & Real Estate Investment

The Japan Science and Technology Agency has begun investing in infrastructure secondaries, signaling growing institutional interest in the asset class. This move comes as Conifer Infrastructure's inaugural fund closed at its $900 million hard-cap, targeting a 25% net internal rate of return and having already deployed $190 million into hydroelectric, biogas, and helium projects. Meanwhile, in a shift of leadership, Madison International named two senior executives as successors to founder Ronald Dickerman, though three other executives have departed the secondaries manager. Separately, the LA Fire and Police pension system is being urged to increase its capital deployment within the current market cycle, considering a greater allocation to niche real estate strategies while reducing its exposure to public REITs.