The infrastructure fundraising environment is beginning to show signs of life after its long rest. The previous year’s fundraising slowdown, comparable to that of 2008–2009 in percentage terms, took place against a backdrop of geopolitical upheaval, broad uncertainty about the state of the market amid high interest rates and a lack of distributions being returned to investors. But that caution is beginning to dissipate, and questions are being answered. It is becoming clear certain asset classes and investment themes may be due for an influx of capital this year.

Carne Group, a company specializing in fund regulation and governance solutions for the asset management industry, recently surveyed more than 200 senior alternative asset, equity and fixed-income fund managers and found alternative asset classes are set to see the biggest increase in fundraising in 2024. Private equity and debt, renewable energy, and hedge funds are expected to see the biggest increase in flows