Infrastructure Investor’s 2025 Annual Awards, now in its 17th year, recognized top global managers amid a record-breaking year for the sector. Unlisted infrastructure funds raised $289 billion in 2024, surpassing the prior $189 billion benchmark from 2021-22 by $100 billion. Q4 alone contributed $107 billion, marking the fourth-highest quarter in five years. The awards introduced two new categories: Debt Fundraising of the Year (Global) and Power & Utilities Investor of the Year (Asia-Pacific), reflecting infrastructure credit’s rising prominence and digitalization’s impact on power markets.

Macquarie and Brookfield dominated, each winning five categories. Brookfield’s energy transition fund (BGTF II) exceeded its $17 billion target, while its $4 billion debt flagship launch underscored aggressive expansion. Macquarie claimed Debt Fundraising of the Year for its €1.2 billion European credit fund (MEID) and North American Fund Manager of the Year for its $6.8 billion Americas-focused Macquarie Infrastructure Partners VI. These wins signal intensifying competition as the asset class evolves rapidly.

The additions to award categories highlight shifting priorities. Debt fundraising’s inclusion acknowledges infrastructure credit’s critical role in financing projects, while the Asia-Pacific power focus aligns with digitalization-driven demand. Both regions remain central to global infrastructure growth, with Macquarie’s European and Brookfield’s global energy plays exemplifying strategic diversification.

This year’s winners demonstrate resilience and adaptability. Record fundraising and category expansions suggest infrastructure remains a cornerstone for investors despite market volatility. As firms like Macquarie and Brookfield set benchmarks, the sector’s future hinges on innovation and regional specialization.