Investors can measure time on the road in carrots as infrastructure fundraising takes more than two years on average. The industry offers a smorgasbord of incentives that entice them to commit to funds, from tax breaks to preferential access to high‑yield projects. In the latest round of capital moves, South Korea’s sovereign wealth fund announced a new $14bn account to boost domestic industries, while Liberty Mutual has anchored GDEV’s fresh renewable‑energy debt strategy.

APG’s long‑standing APAC infra head exits have created openings for fresh capital, and Industriens Pension’s Kjaersgaard notes that business remains “as usual” despite turbulence. In Australia, Aware Super is set to pass A$250bn AUM with a Prime Super merger, and Japan’s GPIF added nearly $2.5bn to its infrastructure portfolio in FY2025. These moves underscore the growing appetite for infrastructure assets, even as allocation remains uneven in H1 2026.

The trend shows that long‑term horizons and attractive returns are still drawing investors toward infrastructure funds, turning the carrot‑lure into a viable strategy for those willing to wait out the extended fundraising cycles.