Infrastructure 2025: M&A Risks and Opportunities in a Transforming Market

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Infrastructure 2025: M&A Risks and Opportunities in a Transforming Market

M&A Risks and Opportunities in a Transforming Infrastructure Market

Infrastructure is cementing its role in private markets, providing investors with portfolio stability and access to essential services. In 2025, assets under management have reached record highs, yet the sector faces a persistent US$15 trillion financing gap through 2040. The opportunities are significant, but so are the risks.

This comprehensive report explores the forces shaping global infrastructure investment, including geopolitical fragmentation, evolving US policy, and the critical importance of both physical and digital resilience. Surveyed investors highlight environmental risks as the top concern for dealmaking, with climate change and extreme weather events directly impacting asset valuation and operational resilience.

Key insights include:
  • Systematic integration of climate and cyber risk analysis into underwriting and asset management.
  • The importance of compliance with evolving regulations, such as the EU’s Digital Operational Resilience Act and US energy sector standards.
  • Growing investor interest in digital and energy transition assets, particularly in the US, as managers seek to lock in tax incentives.

As infrastructure exposure accelerates, investors must adopt intelligent, future-facing strategies that account for geopolitical volatility, digital vulnerabilities, and climate risks.

56%

Of investors cite climate and environmental risks as the greatest concern for dealmaking, making these the most consequential factors in today’s infrastructure market.

Infrastructure 2025: M&A Risks and Opportunities in a Transforming Market

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