Infrastructure

Secondaries’ next iteration: market capitalisation in 2026 and beyond

In this edition of Secondaries Investor’s Second Thoughts podcast, Evercore’s global head of private capital advisory Nigel Dawn discusses the outlook for activity in 2026 and the key trends shaping the capitalisation of the market over the longer term.

LPs expanding into more diverse infra secondaries strategies

Narrow discounts mean infrastructure remains a first port of call for secondaries sellers.

StepStone eyes first closes for flagship, debut GP-led fund by H1 2026 – updated

StepStone’s live secondaries fundraising also includes vehicles dedicated to infra and VC, executives said on the firm’s recent earnings call.

Ardian collects over $5bn for latest infra secondaries fund

Strong investor demand has already propelled the fund beyond its predecessor’s $5.2bn final close.

Seed assets propel Hamilton Lane’s second infra fund to $1.5bn close

Hamilton Lane’s Infrastructure Opportunities Fund II exceeded its $1.25bn target and tripled the size of its predecessor.

EQT unveils continuation fund for EdgeConnex

EQT has set up an open ended structure for EdgeConnex to support the data centre platform’s long-term growth opportunity, head of business development Gustav Segerberg said on the firm’s full-year 2025 earnings call.

DOWNLOAD: Non-US LPs gain ground among largest secondaries investors in 2025

While the list of the largest known LP commitments remains dominated by US-based investors, it also reflects a growing presence of non-US institutions from Asia and the UK.

Ardian makes raft of senior promotions and additions to ASF management committee

The firm has also made further leadership promotions and created two regional operating committees to ‘further strengthen local leadership’, according to a memo seen by Secondaries Investor.

Stafford raises over $1.1bn for infra secondaries

SISF V is the largest infrastructure vehicle that Stafford has raised to date and brings its total infra AUM to $2.7bn.