After two years of decidedly mixed results, private infrastructure investing appears to be back on track.
BCG’s latest report on the state of the industry—the fifth in our annual series—points to a meaningful shift in both the scale of the asset class and where capital is being deployed. This trend was reinforced in conversations at the Infrastructure Investor Global Summit this week and is increasingly shaping client priorities.
In 2025, AUM reached $1.6T and fundraising rose ~60%.
At the same time, investment is concentrating in fewer, larger funds, and data centers have emerged as the dominant theme, now accounting for 41% of investment across energy, digital, and transport. To learn more, you can access the full BCG report here or using our flipbook below.