Illiquid Insights
Since 2022, private equity's traditional LBO playbook has been hampered by high rates, frozen exits and weak distributions.
But the industry has shifted its focus to another opportunity.
Infrastructure funds had a record year in 2025. Fundraising surged 60%. Deal value grew 44%.
Why asset managers are diving into infrastructure:
Exposure to the AI boom
Growing electricity demand
Read the full breakdown below.