Infrastructure Debt

Green tailwinds will power LP interest in infra credit

It has been a gloomy past 12 months for infra credit fundraising. But the longer-term outlook appears much brighter with the asset class ready to move from niche to mainstream as more investors spot the strategy’s performance potential and key role in financing the world’s climate ambitions.

INSIDE THE REPORT

Current fundraising woes belie infrastructure debt’s long-term appeal and scope for growth

Despite a tumultuous year of investment, 2025 looks hopeful for infrastructure debt funds

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PREVIOUS REPORTS

Infrastructure debt is a market on the move, with funds and managers working to finance the global energy transition. The Infrastructure Investor Debt 30 covers the largest fundraisers in this resilient asset class, ranking the credit firms that contributed to fundraising totals surpassing $172 billion over the last five years across the Americas, Europe and Asia-Pacific markets.

Three key trends from our 2024 debt report

Big opportunities await Infrastructure debt as the sector proves resilient.

Infrastructure Investor Debt 30: The biggest and the best

Credit fundraising surpasses $172bn as tailwinds point to more optimism.

Infrastructure Investor Debt 30 2024

Our latest ranking of the top fundraisers in the infrastructure debt market

Infrastructure Investor Debt 30 2024: Ranking 11-20

From Munich to Melbourne, the firms 11-20 in our ranking collectively raised over $40bn of infrastructure debt capital

Infrastructure Investor Debt 30 2024: Ranking 21-30

Firms needed to raise over $1.5bn to rank in this year's top 30 list of infrastructure debt fundraisers

Seizing the green opportunity at scale

The energy transition represents a sizable opportunity for private investors, but support is needed across markets if global goals are to be achieved.

Infrastructure debt a hedge against refi wave

The sector isn’t immune to the turmoil in the wider market, but it does offer protection for investors.

LPs set their sights on infra debt

Investors are increasingly bullish on infrastructure debt and secondaries.

On the minds of the infrastructure debt experts

The resiliency of infrastructure debt and growing demand drivers are leading to the sector’s golden age, according to our panel.

The stars align for infrastructure debt

Rising interest rates have boosted returns, while a focus on global megatrends has bolstered deployment in an otherwise insipid M&A landscape.

Rolling out the infrastructure tech revolution

The technological revolution in digital infrastructure provides considerable opportunities for investors, reports Christopher Walker.

Debt fund managers are capitalising on strong interest in the asset class. The top 30 firms listed in Infrastructure Investor’s latest debt fund ranking have raised more than $162 billion over the last five years, with more to come as investors turn to the safe, stable, long-term returns that infrastructure debt offers.

The key themes – and full debt fund manager ranking – are covered in the latest Infrastructure Investor Debt report.

The private infrastructure debt market has grown markedly since we first ranked the top 10 capital collectors in the space in 2019. Despite the challenges of a pandemic, the investment ecosystem has continued to thrive, and so we have widened our focus to include 30 firms.

Despite all 2020’s troubles, infrastructure debt has welcomed five new billion-dollar fundraisers. Ten new funds passed the billion-dollar fundraising mark over the past two years.

With low-for-long interest rates and a macroeconomic environment that continues to be challenged by covid-19, it is more than likely the sector will attract capital from investors who appreciate its resilience and strong financial structures. The third annual Infrastructure Investor Debt Report explores these and more.

Infrastructure debt has witnessed significant growth in recent years. So much so that we have added another five positions to our annual ranking of the top debt fundraisers to create the Infrastructure Debt 15. With growth comes maturity and scrutiny, as our special report on the sector reveals. And, as our contributors unanimously agree, there is still room for further expansion.

While infrastructure debt comes in many forms, finding the perfect combination of secured returns, a visible investment pipeline and a sustainable investment strategy remains at the heart of the market’s challenge.

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