Infrastructure Quarterly: Q1 2026

This report was produced by CBRE IM, a member of IPFA. 

As military conflict escalates in the Middle East, geopolitical tensions occupy the top of investors’ minds once again. Apart from delivering defensive returns, infrastructure unlocks growth opportunities as governments seek private capital to enhance sovereignty in energy, technology and supply chains.

Fundraising and deployment activity remain healthy, although capital increasingly gravitates towards AI and data center themes. Portfolio diversity and a rotation back to higher-yielding sectors, such as transport and power, have become paramount for investors. With the M&A market still subdued, investors are prioritizing exits and liquidity, therefore sharpening their focus on mid-market funds, secondaries and continuation vehicles.

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