Spotlighting private capital at McKinsey & Company Global Infrastructure Summit

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.