The challenges of the past year were felt across all alternatives. But as valuations recover and investors look beyond the pandemic, unlisted infrastructure’s prospects are brightening. Fundraising has tapered, although this is likely due to the difficulty of doing business in a pandemic, rather than any negative outlook for assets. Indeed, expectations for the re-emergence of inflation will continue to drive interest in the asset class. Investor mandates are increasingly global in scope, with all individual regions recording a proportional decline in fund searches compared with Q1 last year.

Read our latest infrastructure industry update for a detailed look at fundraising, funds in market, investors, deals, performance & dry powder, and secondaries in the first quarter of the year.