Insights 2026 | View on Real Estate and Infrastructure

In Insights 2026, we highlight how Real Estate and Infrastructure are increasingly attractive sources of resilient, inflation-protected returns as valuations stabilise and capital constraints persist. Current market dislocation is creating compelling entry points for experienced managers, while long-term demand for digital infrastructure and power assets supports durable cash flows and return potential.

Key Takeaways

• Real Estate and Infrastructure provide inflation protection and downside resilience through hard assets and contracted income.
• Slower fundraising and reduced transaction volumes are creating opportunities to invest at wider cap rates and on favourable terms.
• Digital infrastructure and power assets benefit from strong secular tailwinds driven by AI, data growth and rising electricity demand.
• Our priorities include partnering with experienced opportunistic managers, expanding value-add and middle-market exposure, and driving fee discounts and co-investments.