The first half of 2026 is in the ledgers — and we don’t need many lines to track the entries. According to Institutional Real Estate, Inc.’s infrastructure database, only nine infrastructure funds reached a final closing in the second quarter 2026, raising an aggregate total of $22.3 billion, resulting in a total of 28 funds closed and $54.2 billion raised in the first half.
Funds closing, however, is just one measure of the fundraising climate. The number of funds launched typically indicates enthusiasm for the future. Unfortunately, this metric is also lagging numbers from recent years.
Year-to-date, 60 new infrastructure funds have been launched with hopes of raising at least $121 billion (not all funds list a maximum cap). Of that total, just three funds account for $73 billion or 60 percent of the
