Private Capital Fueling a Wave of Infrastructure Investment

"We are on the brink of the largest wave of infrastructure investment in recent history," says John Greenwood, global head of the Infrastructure and Real Asset Finance Group within the Capital Solutions Group.

Global infrastructure investment is projected to soar to $100T by 2040, fueled by digital infrastructure, energy transition, and more. Greenwood poses the critical question: “Where will all of this capital come from?” 

Historically, over 80% of infrastructure funding has come from government balance sheets—but with constrained public financial resources and a reluctance to increase taxes, we’re poised to see a shift towards private investment. 

While traditional infrastructure equity investors will continue to play a role, the emergence of private credit players, particularly from insurance capital, will be transformative. Estimates suggest that insurance capital could grow to $15 - $30T, offering a vital source of funding.

Our Capital Solutions Group, a strategically integrated platform bringing together financing, origination, structuring and risk management solutions, is designed to help meet this record demand.