INSIGHT

How a record-setting year in infrastructure fundraising is shaping the market for 2026

Report

December 12, 2025

This year has set an impressive new benchmark for infrastructure fundraising. In September, private infrastructure funds had raised a cumulative US$200 billion, marking the first time the asset class has crossed this threshold within the first three quarters of the year. GIIA’s Quarter 3 Market Report explores this key trend, while taking a closer look at the industry. In this report, Policy and Research Manager Vlad Benn highlights:

  • Fundraising strategy in the industry, balancing between mega fund managers and mid-market leaders.
  • The sectors that have been the most promising for infrastructure in the US, EU and UK.
  • Changes in the time spent on the road between funds seeking capital and the final close.
  • Untapped resources to target for new pools of capital.
  • Major regional deals from 2025.
  • Issues impacting dealmaking that could continue to stretch into 2026.

Pulling from GIIA’s Q2 Pulse Survey, recent developments in policy, infrastructure databases, and more institutional data, this report is an authoritative source on recent trends in the market. 

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