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Infrastructure

Infrastructure investing targets essential assets — transportation, energy, utilities, telecom towers, data centers — that typically generate stable, long-duration cash flows.

Strategies, focus areas, funds and trends across our infrastructure coverage.

33
Firms
$354.01B
Allocated AUM
13
Funds
31
Strategies
Peak fundraising year
2023 — 3 funds closed
Most concentrated region
Europe — 55% of firms
Top sector
Utilities — 13 of 33 firms
33FIRMS
Strategy mix

Strategies & sub-strategies

Insight

Core leads — 48% of firms run it — nearly 16× Energy Infrastructure, the smallest strategy.

Fund vintage trend

New funds launched per vintage year, based on tracked closings

2020: 1120202021: 2220212022: 2220222023: 3320232024: 3320242025: 222025PEAK

Industry focus

Bubble size = number of firms active in sector

Utilities: 1313UtilitiesTelecommunications: 1212TelecommunicationsTransport Infrastructure: 88TransportInfrastructureEnergy Storage: 88Energy StorageSocial Infrastructure: 66SocialInfrastructureRenewables: 66Renewables

By region

Firm count by geography

Europe: 18Europe: 1818EuropeNorth America: 17North America: 1717North Ameri…Asia: 11Asia: 1111AsiaGlobal: 11Global: 1111GlobalUnited States: 9United States: 99United Stat…

Verticals

Funds

NEWBlackRock Infrastructure Solutions FundInfrastructure Secondaries & Co Investments · fundraising2025Blackstone Infrastructure Partners IV (BIP IV)Core & Core+ Infrastructure · fundraising2025 · $8BGlobal Infrastructure Partners Fund VInfrastructure Buyout · closed2024 · $25.28BBlackRock Climate Infrastructure FundClimate Infrastructure · fundraising2024BlackRock Infrastructure Fund VICore Infrastructure · fundraising2024GIP Capital Solutions Fund IInfrastructure Credit · closed2023BlackRock Infrastructure Debt Fund VInfrastructure Debt · closed2023BlackRock Global Renewable Power Fund IVRenewable Energy · closed2023BlackRock Diversified Infrastructure FundDiversified Infrastructure · closed2022GIP Emerging Markets Fund IIIEmerging Markets Infrastructure · closed2022BlackRock Energy Transition Partners Fund IEnergy Transition · closed2021BlackRock Infrastructure Fund VCore Infrastructure · closed2021BlackRock Renewable Power Fund IIIRenewable Infrastructure · closed2020