Private markets have long rewarded investors willing to accept complexity and limited visibility in exchange for differentiated returns. But as the technological context and investor expectations evolve, opacity is no longer viewed as an inevitable feature of the asset class. Increasingly, transparency itself is becoming a competitive advantage, powered by data infrastructure and AI-enabled intelligence.

Private markets are becoming increasingly accessible to institutional investors and wealth investors through semi liquid Evergreen funds. These vehicles offer regular subscription and redemption opportunities, bringing a level of flexibility traditionally absent from private assets. Yet the underlying investments remain long-term and inherently illiquid. How can a fund offer periodic liquidity while investing in assets designed to be held for years?

European private credit has become a central source of financing for the real economy, supported by tighter bank lending standards and persistent corporate funding needs. Within this universe, senior direct lending continues to stand out as a conservative strategy for investors focused on contractual income generation and downside protection.

Public finances and traditional investment solutions are pressured by the current economic environment, leading to a renewed interest in private infrastructure investment opportunities. These infrastructure opportunities offer exposure to essential real and tangible assets.

We previously focused on the investment potential of private infrastructure, spanning cutting-edge transport networks, transformative energy transition projects, data centres and essential services such as education and healthcare. We now move from the structural backdrop to the practical question of how investors can work through the variety of options available.

Infrastructure is the world of energy grids, rail networks, water supply systems, mobile masts, and data centres that keep daily life running and our societies thriving. Private infrastructure brings these essential physical structures facilities and systems into focus.