麦肯锡：2026年全球私募市场报告——基础设施：投资赋能全球增长（英文版）（12页）.pdf

1、March 2026Global Private Markets Report 2026Infrastructure:Investing to support global growth Private capitals role in meeting the worlds growing need for infrastructure continues to grow,with record fundraising and deployment in 2025.This article is a collaborative effort by Adrian Kwok,Alastair Gr

2、een,and Connor Mangan,with Charlie Regan,Kali Na,and Roman Strelov,representing views from McKinseys Infrastructure Special Initiative group and Private Capital Practice.The world needs infrastructure more acutely than ever.A cumulative$106 trillion in investments is imperative to meet global infras

3、tructure requirements through 2040,not only for traditional assets such as roads,ports,bridges,and power grids but also for the next generation of those assetsand an emerging intersection of systems and facilities across verticals,including data centers,charging stations,fiber-optic networks,and mor

4、e.This unprecedented call for capital can no longer be answered by the public sector alone.Private capital is meeting the moment.In 2025,global infrastructure fundraising reached a record of nearly$200 billion,surpassing the previous high of$180 billion in 2022.Limited partners(LPs)continue to name

5、infrastructure as the asset class they most want to increase their allocations to(increasingly for both diversification and performance)and are also displaying a willingness to move up the risk curve.General partners(GPs)are doing larger,more complex deals,with notably large funds(several holding$5

6、billion or more of committed capital)gaining share as the industry matures.While overall trends in fundraising and deployment are positive,potentially tougher conditions ahead are evident,particularly as holding periods lengthen and investors seek commensurate,risk-adjusted returns.The ability to dr