Infrastructure Q1 2025: Preqin Quarterly Update

The start of 2025 sets a new tone for infrastructure fundraising after a slower end to 2024 in terms of aggregate capital raised, and a surge in deal activity in North America and APAC highlights regional asset preferences.

• Major Europe-focused funds close as energy security maintains regional relevance

• North America sees a surge in fundraising in Q1 2025, buoyed by initial post-election clarity

• Deal value soars to start the year in North America and APAC, but trade volatility may disrupt greenfield investment this year