Infrastructure dry powder, as a proportion of assets under management (AUM), hit a new historical low in 2024, said a study.

According to Preqin 2025 Global Report: Infrastructure, this AUM figure dropped 3%, or $38.5bn, over the first quarter of 2024 to 24%, compared with 35% at the end of 2020.

"Infrastructure has endured a prolonged slowdown in fundra