Infrastructure Investment Report: The Collection

The need for infrastructure investment has never been greater. It is essential that we restore the world’s deteriorating roads, rails, and water systems. We must also build new sources of energy, expand digital technology to underserved communities, and construct housing, schools—entire communities—in a rapidly urbanizing world. Simultaneously, we must develop and implement the infrastructure required to slow climate change. It is estimated that $50 trillion or more will be necessary to meet all these needs.

BCG’s annual infrastructure investment report analyzes the current and future state of private infrastructure investing—the sources and amount of fundraising, the key target investment sectors, and the investment strategies and portfolio management techniques that can best help meet our infrastructure needs. Done right, private infrastructure investing can create value not only for investors but also for everyone who depends on a healthy, safe environment.

Further Reading on Infrastructure

As the business evolves and its mandate changes, private investment in infrastructure is showing signs of recovery from last year’s downturn.

• Although deal volume and dry powder fell in 2024 compared to the previous year, fundraising has grown by 14% since 2023, and 31% of limited partners plan to increase their allocation to infrastructure.
• The energy and environment sector remains the largest infrastructure asset class, making up 50% of infrastructure portfolio assets, but digital infrastructure is growing, driven in part by the rise of generative AI.
• General partners are expanding their mandates to increase scale and create differentiated avenues for their limited partners’ commitments, including introducing funds with higher risk profiles and designing offerings for retail investors.