Finance

Select Infrastructure Funds Raised in 2025 There was a large increase in the number of infrastructure funds that raised capital in 2025, growing to 26 funds compared to only 17 and 19 in 2024 and 2023, respectively. Infrastructure funds constitute 70% of total AUM closed in 2025. Most of these closed funds were the largest infrastructure funds ever closed by the firm. Funds with a battery related investment leaned towards large-scale energy storage battery development and critical mineral technologies. Emerging Markets Transition

Fund

Infrastructure VI

Transition II

Infrastructure V

Capenergie V

Infrastructure II

Forest & Climate II

Infrastructure II

2025 Fund Size

€21.5bn

$20bn

€12bn

€2bn

$1.7bn

$1.5bn

$1.2bn

Close Date

March

October

March

January

May

April

January

Description

Largest fund yet funding infrastructure companies with energy as a focus

Largest fund yet; flagship energy transition fund

Greenfield investments within large-scale renewable energy infra

Largest fund yet for renewable energy infrastructure

Brownfield infrastructure in growth markets and regions

Through Campbell Global, invests in nature-based solutions

Invests in energy, utilities, transportation infrastructure

Current and Previous Investments

Infrastructure projects include offshore wind, energy storage, and solar in low-risk OECD countries in North America, Western Europe, and Asia Pacific Source: Press Releases, Sightline Climate Distinguished Partner). For more information, visit https://www.sightlineclimate.com. 1 Some fund sizes adjusted from the previously announced amount

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