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i3 Fundraising Report Q1/2026

List Price$65

According to Institutional Real Estate, Inc.’s infrastructure database, 18 infrastructure funds reached a final closing with an aggregate total of $32.0 billion in the first quarter of 2026. This is the lowest first quarter total since 2023, when only $9.1 billion reached a final closing.  Average fund size has also declined, as has the average time in the market.

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According to Institutional Real Estate, Inc.’s infrastructure database, 18 infrastructure funds reached a final closing with an aggregate total of $32.0 billion in the first quarter of 2026. This is the lowest first quarter total since 2023, when only $9.1 billion reached a final closing.  Average fund size has also declined, as has the average time in the market.

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