Seraya Partners has reached the halfway point for its second infrastructure fund, Seraya Partners Fund II, which targets $1.5 billion in commitments. The fundraise comes amid renewed investor appetite for infrastructure assets, with the firm eyeing a final close by the end of 2026.

Infrastructure fundraising has staged a notable comeback this year, with managers collectively pulling in $1.2 trillion globally according to recent data. This surge reflects institutional investors seeking stable, long-term returns amid market volatility and persistent inflation concerns.

Seraya's sophomore effort follows increased competition in the mid-market infrastructure space, where new entrants like Tallvine are also targeting $1.5 billion for debut funds. The firm's progress signals continued confidence in infrastructure's role within diversified portfolios.

The timing aligns with broader trends in private markets, where infrastructure is attracting attention from sovereign wealth funds and pension plans looking to deploy capital ahead of anticipated fiscal stimulus programs.