Analysis reveals strong growth in infrastructure funds

Global value of infrastructure funds hits a record $1.35 trillion

Ocorian’s Global Asset Monitor forecasts that the value of infrastructure funds will reach $2.3 trillion within five years

New analysis from Ocorian*, a market leader in asset servicing for private markets and corporate and fiduciary administration, shows that assets in infrastructure funds have surged to a record high of $1.35 trillion.

They have more than doubled in value since 2020, from $652 billion, and have gained 10% since December 2024, Ocorian’s latest Global Asset Monitor found.

Ocorian is predicting further growth of around 70% between now and 2030, taking total assets in global infrastructure funds to $2.3 trillion.

Image

Ocorian’s analysis shows just under half (47%) of the underlying assets in infrastructure funds are in North America with two-fifths in Europe.

Europe is almost equal to North America based on the domicile of funds under management with Asian-domiciled funds accounting for around a sixth.

Image

Yegor Lanovenko, Global Co-Head of Fund Services at Ocorian said: "Private infrastructure investment UAM has risen 10% this year to $1.35tn. AI infrastructure, energy transition and decarbonisation are themes driving that growth, showing investors are committing long-term capital where it matters most and in assets that underpin long term real economic resilience and returns.

“At Ocorian, we help alternative asset managers handle operational and regulatory complexity across the full investment lifecycle, especially when operating scale is a differentiator and investor needs and profiles are evolving fast across asset classes."

About Ocorian 

Ocorian is a global leader in fund services, corporate and trust services, capital markets, and regulatory and compliance support.

Unlocking new value for its clients across jurisdictions and service lines is Ocorian’s priority; it manages over 20,000 structures on behalf of 9,000+ clients including financial institutions, large-scale international organisations, and high-net-worth individuals.

Ocorian provides fully compliant, tailored solutions that are individual to clients’ needs, no matter where in the world they hold financial interests, or however they are structured.

The group offers a full suite of corporate, fund and private client services across a network of offices spanning all the world’s financial hubs. Locations include Bermuda, BVI, Cayman, Denmark, Finland, Germany, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey, Luxembourg, Mauritius, Netherlands, Norway, Singapore, Sweden, UAE, the UK, and the U.S.

To find out more about Ocorian and its services, including regulatory information, visit www.ocorian.com

Methodology

Ocorian commissioned 5iresearch to produce the Global Asset Monitor which considers eight main asset classes that make up the vast bulk of the world’s assets. Four of these are in public markets, namely listed equities and three categories of listed bonds (corporate, sovereign, and other which include municipal and agency bonds). The other four are in private markets, namely private equity, private debt, infrastructure and real estate. We recognise there are other kinds of assets out there in the world, such as residential and commercial property, commodities, art and so on. But we have chosen ours to represent the easily investable universe: investors can buy public assets on exchanges and they can participate in private markets, for example via funds.

Private market data is sourced from Preqin unless otherwise stated, but since this data is only available infrequently and with considerable time lags, we have ‘nowcast’ it by looking at the change in value of relevant public markets since the last Preqin update was released and adjusting the values accordingly. These ‘nowcasts’ are intended only to provide a guide to recent developments. 

Public market data is sourced mainly from Factset. Data was captured at market close on September 1^st  2025. The equities time series looks at the largest 2,250 companies in the world today and how their market capitalisations have evolved over time. These companies represent 85% of global market capitalisation so we have scaled up by the remaining 15% to show the full global equity market value in each year. To measure the size of the bond markets we have considered both the market value and the face value in each country (and sector in the case of corporate bonds) each year – sourced from Factset. Where data limitations impact the sovereign results, we have derived our figures by using general government debt levels as a proxy for the bond market.

All data is converted to USD at prevailing spot rates. Currency fluctuations may therefore make an impact in the short term, but over the long-term the effect of exchange rates tends to even out almost entirely at the global level. No account has been taken of inflation.