Infrastructure Investor LP Perspectives

After a record-breaking year for infrastructure fundraising, Infrastructure Investor’s LP Perspectives 2026 Study again showcases optimism around the asset class. Almost half of LPs expect to increase infrastructure investment over the next 12 months, the highest level in four years. Indeed, 36 percent said private infrastructure had exceeded benchmark performance over the past year, the highest level in three years and the second highest in six years. Long-term mega-trends including digitalisation as well as the energy transition are boosting interest in the asset class. Likewise, the macro backdrop is driving demand for core-plus and value-add strategies that offer the potential for higher returns. These findings and more appear in Infrastructure Investor’s latest Perspectives report.

WHAT DO INVESTORS THINK?

Coloured, translucent isometric shapes overlapping each other

Fundraising bounces back sharply as LPs point to industry underallocation

Featured
-
After a record-breaking year of fundraising, LP appetite for infrastructure has consolidated, though concerns over performance amid turbulent geopolitical issues persists.
Read more

FINDINGS FROM THE SURVEY

DOWNLOAD THE MAGAZINE

LP PERSPECTIVES PORTAL

CLICK HERE to explore an interactive display of findings from the Perspectives study.

ANALYSIS

METHODOLOGY

Infrastructure Investor’s LP Perspectives 2025 Study is our annual look into how institutional investors approach alternative asset classes.

It offers a granular view of the alternatives market by gathering insight on, among other things, investors’ asset allocation preferences, propensity to invest and performance predictions for the next 12 months.

It is a global study, which is reflected in the question set and the respondents. This allows for meaningful global views and cross-regional comparisons across alternative asset classes. The question set is reviewed annually, with the objective of reflecting market developments and shifts in sentiment.

For the 2026 study, we surveyed 103 institutional investors between August and October 2025. Participation is always anonymous.

PREVIOUS COVERAGE

2025

After a tough environment in 2024, there may be at last some light at the end of the tunnel, however, any fundraising recovery is likely to be of the green shoots variety, not a full bloom. And those shoots could wither in the face of further global economic or political shocks: 62 percent of LP respondents believe geopolitical uncertainty will have a significant impact on portfolio performance, up from 32 percent last year. Extreme market valuations and recession in core markets are the other big concerns. It’s still too early to celebrate a return to good times. These findings and more appear in Infrastructure Investor’s latest Perspectives report.

2024

A series of elections in 2024 will have a significant bearing on the regulatory environment for infrastructure investment, helping to push rule changes into the top three investor concerns identified in Infrastructure Investor’s LP Perspectives 2024 Study, along with interest rate hikes and high inflation. Our survey also highlights plenty of reasons to be positive, with 40 percent of investors planning to invest more capital into infrastructure funds – often to digital and renewable energy – over the next 12 months than they did over the last year.

2023

Against a backdrop of economic and geopolitical headwinds, marked by soaring inflation and rising interest rates, Infrastructure Investor’s annual study of the LP community takes stock of investor sentiment towards the asset class. From investment plans to due diligence priorities and attitudes towards GPs’ ESG programmes, this year’s study tracks LP expectations for infrastructure going into 2023.

2022

2021

2020

SEE MORE

Click here to access Infrastructure Investor‘s in-depth special reports covering a wide array of topics, plus our digital magazines.

© PEI Group
ii
ii

Copyright PEI Media

Not for publication, email or dissemination