Commentary

Private Credit Outflows Put Infrastructure in Focus for Wealth Investors

Green Street Infrastructure examines how shifting private-market allocations are creating momentum for infrastructure and how ISQ OpenInfra is positioned within that transition.

Signs of a rotation are emerging within private markets. Rising redemption pressure at several large private credit platforms and a sharp slowdown in fundraising for business development companies have coincided with accelerating infrastructure fundraising, bringing the asset class into sharper focus for wealth portfolios.

Green Street Infrastructure recently examined these diverging trends and how I Squared Capital is approaching the opportunity through ISQ OpenInfra. The numbers illustrate the contrast: BDC fundraising totaled approximately $11.9 billion through May 2026, down 55% year over year, while infrastructure fundraising increased 61% over the same period, according to Robert A. Stanger & Co.

Yet the more consequential shift is not a one-for-one substitution. As Irina Zilbergleyt, Global Head of Distribution and Product Strategy for OpenInfra, explained to Green Street, advisors are increasingly treating private infrastructure as an additive allocation with its own role in a portfolio, rather than merely as a replacement for private credit.

The feature explores how ISQ OpenInfra is positioned within this evolving market as private infrastructure establishes a more distinct role in wealth portfolios.

 

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