Infrastructure is emerging as a long-term growth engine, driven by structural needs across power, water, transport and communication. Demand is fuelled by AI’s soaring electricity needs, Germany’s new spending plans, and rising middle-class consumption in emerging markets.

From clean water systems to smart grids and sustainable transport, a new investment cycle is taking shape. Private infrastructure funds have already outperformed global stocks and bonds over the past 16 years. For investors, this theme offers a way to tap into essential, tangible assets at the core of tomorrow’s economy.