Private infrastructure continues to meaningfully outperform public market equivalents while demonstrating lower overall return dispersion and strong risk-adjusted returns.
Energy and passenger transportation assets faced headwinds in 2020, while data/telecom, renewable power and freight/logistics showed strong performance and attracted significant private capital.
While fundraising has been strongest at the larger end of the market, small to mid-market deals continue to make up the lion's share of transaction activity.
Infrastructure fundraising slowed in 2020 and remains increasingly concentrated in a fewer number of large and mid-cap general partners.
There has been no shortage of headlines about infrastructure lately – and yet, this can be a difficult sector for investors to navigate. We’re kicking off a series that will spotlight current key trends in infrastructure investing – starting with a (somewhat personal) piece from Brent Burnett, Co-Head of Real Assets.