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Infrastructure

Infrastructure equity and debt and energy transition vehicles: funds, deals and people, for GPs, LPs, and fund service providers.

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Ares eyes record fundraising year after $31bn third-quarter haul

Ares held a first close of more than $8bn in equity commitments across its latest US senior direct lending program, combining Fund IV and the open-ended Core vehicle. The first close is 80% of target and about 60% larger than the prior vintage's first close.

Ares Management$8B · Raising

Private Equity Wire · also HedgeCo, Bloomberg, Briefs Finance, Dealroom

Infrastructure

$4B · Target

Five Point Infrastructure increases fund target to $4bn after five-month haul

Five Point Infrastructure has increased its fund target to $4bn after raising capital over five months.

Infrastructure Investor

Infrastructure

$540M · Final close

Foundation Credit beats $500m target for infrastructure debt fund in wake of New Holland majority buyout

Foundation Credit has closed its second infrastructure debt fund at approximately $540m, above its $500m target. The close follows a majority investment from New Holland Capital announced a week earlier.

Foundation Credit

AltAssets

Deals

$5.5B

Let’s make a deal: Billions of dollars change hands in the U.S. oil and gas sector

EnCap Flatrock Midstream plans to sell Momentum Midstream (M6), a natural gas gathering and transmission business with more than 4,000 miles of pipeline, to Williams for $5.5 billion.

IREI

Infrastructure

$440M · Target

Enpam seeks managers for €400m Italian infrastructure mandate

Enpam is seeking investment managers for a €400m Italian infrastructure mandate, according to IPE Real Assets.

IPE Real Assets

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Infrastructure, charted

Final closes

12 weeks

Capital closed each week · Past 12 weeks

Aug 10Sep 21This week

$16B across 8 closes

Point at a bar for the funds in it; click to pin them.Tap a bar for the funds in it.

How this is counted

In: final closes of private funds that a publication reported, with a named manager and a stated size. Rumoured and expected closes are left out until they happen.
Out: hedge funds, continuation vehicles, CLOs, single-investor mandates and evergreen funds.
One fund, one count: several reports of a close are joined. Where they give different figures the lower one is used (†).
Sizes: as reported; other currencies converted to dollars (≈).
Region: where the fund invests or its manager is based, as the reports describe it.
It counts the closes in the stories FundOpsHQ carried, since March 2026; it is not a census. Updated Oct 30, 10:45 AM ET.

Infrastructure league table →

Who advises infrastructure funds

The directory

From the directory: US professionals, each profile drawn from the firm’s own public bio page.

Infrastructure Fund Lawyers

Key terms

The glossary

Carve-out: A carve-out is the purchase of a division or business unit from a larger company, which then becomes a standalone company.
Take-private: A take-private is when an investor buys all of a listed company’s shares and delists it, so the company becomes privately owned.
Enterprise value: Enterprise value is the price of a whole business: the value of its equity plus its net debt, typically. It is what a buyer pays for the company, debt included.
Co-investment: Co-investment is when investors put money directly into a deal alongside a fund, usually with lower or no fees and no carried interest.
Club deal: A club deal is an acquisition made jointly by several investment firms, each putting in part of the equity.
Evergreen fund: An evergreen fund has no fixed end date and lets investors join and redeem on a regular schedule, often quarterly, instead of locking money up for a decade.
Separately managed account: A separately managed account is an arrangement where a manager invests one investor’s money alone, to terms that investor negotiates, instead of in a pooled fund.
Anchor investor: An anchor investor is a large early backer that commits a big amount to a new fund, helping it get started and often receiving better terms for doing so.

Infrastructure

Ares eyes record fundraising year after $31bn third-quarter haul

Five Point Infrastructure increases fund target to $4bn after five-month haul

Foundation Credit beats $500m target for infrastructure debt fund in wake of New Holland majority buyout

Let’s make a deal: Billions of dollars change hands in the U.S. oil and gas sector

Enpam seeks managers for €400m Italian infrastructure mandate

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Who advises infrastructure funds

Key terms

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