Stonepeak has grown from $10B to $76B in AUM by investing in infrastructure assets most people interact with daily but never think to invest in, from data center connectivity hubs to power generation to transport networks.

ClearBridge Investments' 2026 infrastructure outlook highlights that listed infrastructure is benefiting from a convergence of structural tailwinds—AI driven power demand, decarbonization mandates, and aging network replacement—creating what the firm describes as unprecedented regulated earnings growth with visibility extending 7 to 10 years.

As U.S. federal and state debt levels climb and institutional investors seek inflation-protected, long-duration assets, infrastructure has emerged as one of private markets' fastest-growing categories—yet the massive opportunity to privatize government-owned assets remains largely untapped.