GIIA’s chief executive, Jon Phillips attended the McKinsey Global Infrastructure Summit in Los Angeles, reflecting on how private capital can help power US infrastructure as the nation faces a US$3.7 trillion infrastructure funding gap over the next decade. The panel featured a discussion on how private investment can bridge the gap as states ripe for infrastructure like California’s face a US$216 billion funding gap.
Across the US, GIIA members managed over US$500bn in AUM across 50 states, supporting transport, utilities, renewable energy, and digital connectivity. In California alone – the world’s fourth-largest economy – private capital backed millions of energy and water customers, ports, terminals, data centers, broadband networks, and 16GW of renewable energy.
Over the past 20 years, GIIA investors deployed US$54bn in California to modernise networks, accelerate decarbonisation, and meet the growing demand for digital infrastructure. While the state still faced a US$216bn funding gap in transport, these investments demonstrated the critical role of long-term private capital in turning ambitious infrastructure plans into tangible outcomes for communities and the economy.
To deliver this additional investment, long-term infrastructure investors seek stable policy, investible pipelines, and public private partnerships that convert ambition into credible projects.