Infrastructure as an asset class continues to demonstrate strong momentum, with record fundraising in 2025 underscoring sustained investor demand. Yet beneath the headline numbers, the industry is experiencing significant structural change. Mega-funds are increasingly dominating the fundraising landscape, while smaller and more specialised boutique strategies are, in some instances, finding conditions more challenging.
In our latest thought piece, we examine hiring patterns across the past 18 months and uncover several notable shifts as the sector evolves. We also consider how talent trends are likely to develop over the next 12 months.