Infrastructure Q3 2024: Preqin Quarterly Update

Weak fundraising looks set to continue, while higher valuations may be driving some investors away from committing fresh capital. 

• Fundraising remains soft after a short-lived recovery, with funds in market data suggesting experienced managers are delaying bringing larger funds to market 

• Deals activity is a bright spot, with strong growth in larger deals compared with Q2 despite elevated rates 

• Performance still strong for current asset owners, but higher valuations may be restricting new commitments