For years, real asset offerings targeting individual investors have largely centered on commercial real estate and energy-related opportunities. These sectors have long been favored by individual investors and their advisers for their tangible value, income and total return potential, along with their inflation-hedging characteristics.

More recently, infrastructure has rapidly been emerging as a hot new sector for these investors, drawing heightened interest from financial advisers and their clients — particularly those in the ultra-high-net-worth (UHNW), high-net-worth (HNW) and mass affluent segments.

This shift is being fueled by a confluence of factors: favorable tax legislation, generational wealth transfer, democratization of private markets and a growing appetite for ESG-aligned investments, as well as the growing concern over the need to fund crumbling and new infrastructure from the private sector. As a result, infrastructure no longer is the exclusive domai