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Global infrastructure assets rise to record $1.22 trillion

Global infrastructure assets rise to record $1.22 trillion

04 February, 2025
  • Ocorian’s Global Asset Monitor shows value of private assets has risen nearly three times as fast as public assets over the past 15 years

  • Analysis highlights value of all private market assets increased to $14.34 trillion

The total market value of infrastructure assets globally hit a new high of $1.22 trillion at the end of 2024, increasing by 12.4% year-on-year, and has experienced the biggest percentage increase in market value out of all private markets over the last 15 years, new analysis* from Ocorian, market leader in asset servicing for private markets and corporate and fiduciary administration, shows. 

Ocorian’s Global Asset Monitor – which tracks the major trends in public and private markets – reveals that the market value of infrastructure assets has risen by 1,231% since 2009 and 105% since 2019. 

Infrastructure market values have grown solidly year-on-year for over a decade without exception and first hit a value of over $1 trillion in 2023 ($1.09 trillion) before the new high of $1.22 in 2024.

Thomas Fahl, Global Head of AIFM Services, at Ocorian said: “While our analysis shows that infrastructure assets experienced outstanding growth in market value in the last year, overall the market was still impacted by the absence of significant deal activity. I would hope that with lesser uncertainty on the global political stage, and the stabilisation of interest rates, we will return to more deal activity in 2025.”

Ocorian’s Global Asset Monitor reveals that over the long-term combined private assets (private equity, infrastructure, private debt and real estate) have grown nearly three times as fast as public assets, rising 618% in the past 15 years. Last year the value of private market assets increased by an estimated $1.27 trillion – around 9.7% – to a record $14.34 trillion which excludes undeployed capital, so-called dry powder.

The table below shows the breakdown of the asset classes Ocorian has tracked and how values have increased.

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Growth of asset classes tracked by Ocorian (2009 - 2024)
 

Private assets have become increasingly attractive due to their ability to help with diversification as well as returns which have been 4.8% higher per year since 2000**, Ocorian’s Global Asset Monitor shows. 

Infrastructure and real estate are proving particularly attractive to institutional investors like pension funds that need stable, predictable income.

Ocorian is predicting ongoing strong growth in private markets – driven by a combination of strong demand from investors and privately-owned companies. This demand for capital is strongest in the US while the supply of funds is strongest in Asia. 

The table below shows the growth in the value of total public markets assets, total private markets assets and total private infrastructure-only assets over the past 15 years.

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Growth of public, private, and private infrastructure markets (2009 - 2024)
 

Ocorian is a global leader in fund administration, capital markets, corporate and fiduciary services. Ocorian helps its clients solve complex problems so they can unlock new value, optimise investment performance and build their competitive advantage.