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2 articles summarized · Last updated: LATEST

Last updated: April 24, 2026, 5:30 AM ET

Private Equity & Infrastructure

Basalt Asset Management secured a $1.5 billion first close for its fifth dedicated infrastructure fund, reaching the halfway point toward its $3 billion target just eight months after launch, signaling continued appetite for hard assets. This fundraising success contrasts with broader market headwinds, as dealmakers grapple with increasing economic volatility that is straining capital stacks amid rising borrowing costs and geopolitical risks affecting deal execution.