Institutional infrastructure investing has entered a new phase of maturity, with allocation growth moderating, returns remaining consistent and global capital flows shifting, according to the 2026 Institutional Infrastructure Allocations Monitor released today by Hodes Weill & Associates and Cornell University’s Brooks Center for Infrastructure.
For the first time since the survey’s inception, the report finds that more than half of institutional investors are at or above their target allocations to infrastructure, reflecting both successful portfolio buildout and constrained distributions across private markets portfolios. Further demonstrating this shift, the pace of allocation growth is moderating, with target allocations increasing to 6.2 percent in 2026, up 30 basis points year-over-year and 110 basis points cumulatively since 2023. Applied to an estimated global institutional asset base of approximately $147 trillion, the increase in target allocations
