Strategy in Focus: Mid-market infrastructure

In our latest Strategy in Focus report, we use Preqin data to analyze fundraising and fund performance metrics in mid-market infrastructure, going on to identify trends in the deployment of private capital in small and mid-sized infrastructure deals

• More than 90% of infrastructure deals occur below the $2.5bn mark, reflecting a deep, fragmented deal universe with more proprietary deal sourcing and the potential for attractive entry valuations

• Structural tailwinds are driving deal flow in areas such as the energy transition and digital infrastructure, where platforms can be scaled with capex-led investment

• For LPs, return dispersion across mid-market strategies is evident, with investors seeking to diversify sources of return and access a broader set of infrastructure opportunities. Selecting the right manager therefore remains a key driver of risk-adjusted returns