<ul>
<li><strong>在过去 10 年中，私募基础设施资产管理规模增长超过四倍，达到了创纪录的 1.3 万亿美元</strong></li>
<li><strong>投资者对数字基础设施的兴趣日益增长，数据中心投资因人工智能驱动的需求而激增</strong></li>
<li><strong>基金正在演变其策略，利用新的投资结构和运营效率来提升在成熟行业中的回报</strong></li>
</ul>
<p>, /PRNewswire/ -- 根据波士顿咨询集团（BCG）最新发布的年度基础设施战略报告，私募基础设施投资正在重新获得动力。该报告《基础设施战略 2025：投资者如何在资产类别成熟时获得优势》详细说明了私募基础设施市场在经历宏观经济不确定性和波动的交易量后，显示出稳定的迹象，并在动荡时期仍然是一个安全的避风港。</p>
<p>截至 2024 年 6 月，管理中的基础设施资产在过去一年继续增长，达到了创纪录的 1.3 万亿美元。然而，募资仍低于 2022 年的峰值，反映出投资者的谨慎情绪。同时，尽管交易活动仍低于峰值水平，但随着赞助商寻求退出投资并重新投资资本，预计交易活动将会增加。</p>
<p><strong>投资趋势与行业洞察</strong></p>
<p>报告强调了投资者关注的转变，更多资金分配到数字基础设施和能源转型等高增长行业。受人工智能和云计算需求驱动的数据中心投资表现尤为强劲，2024 年该行业的投资创下 50 亿美元的纪录，而 2020 年仅为 110 亿美元。尽管大多数基础设施资产类别的交易流量放缓，投资者对能源、交通和物流等核心行业的长期机会持乐观态度。</p>
<p>&#34;基础设施仍然是私募投资策略的基石，在动荡的市场中提供稳定性和通胀保护，&#34; BCG 的董事总经理兼高级合伙人 Wilhelm Schmundt 表示，他是该公司全球基础设施投资的负责人，也是报告的共同作者。&#34;随着投资者适应成熟市场，我们看到能源转型、数字基础设施以及旨在吸引资本的新投资结构中出现了显著的机会。&#34;</p>
<p><strong>报告的主要发现</strong></p>
<ul>
<li><strong>募资展望。</strong> 基础设施基金在 2024 年募资 870 亿美元，同比增长 14%，但仍比 2022 年水平低 43%。</li>
<li><strong>交易量和价值。</strong> 2024 年基础设施交易量下降 8%，继 2023 年下降 19% 之后。然而，数字基础设施和能源转型的大型交易预示着潜在的反弹。平均交易规模低于 2023 年的水平，且比 2021 年的峰值低 40%。</li>
<li><strong>行业特定趋势。</strong> 尽管传统能源投资仍然至关重要，但可再生能源和电池储存解决方案继续吸引投资者的关注。人工智能驱动的需求使数据中心成为增长最快的基础设施资产类别之一。</li>
</ul>
<p><strong>基金如何适应新环境</strong></p>
<p>基础设施投资者正在完善他们的策略，以在不断变化的市场中保持竞争力。主要方法包括：</p>
<ul>
<li><strong>行业整合。</strong> 并购正成为普通合伙人的关键工具。一些公司正在扩大规模，成为基础设施投资的 “一站式服务” 提供商。其他公司则在追求交易以增强其细分市场、地理或行业焦点，从而强化广泛和专业的策略。</li>
<li><strong>扩大投资授权。</strong> 许多基金正在拓宽其产品选项，向投资者提供不同风险/回报特征的多种基础设施策略。</li>
<li><strong>提升运营价值创造。</strong> 基金正在采用更积极的资产管理策略，利用技术并提高效率以最大化回报。</li>
<li><strong>探索新的基金结构。</strong> 续存工具、共同投资和行业特定基金的兴起为有限合伙人提供了更多量身定制的投资机会。</li>
</ul>
<p><strong>展望未来：为未来构建</strong></p>
<p>尽管短期内存在不确定性，报告预计基础设施投资将继续增长，特别是在人工智能和数字转型驱动的行业。全球各国政府越来越依赖私营资本来弥补基础设施资金缺口，促进了众多共同投资机会。</p>
<p>&#34;私募投资对于现代化基础设施和满足全球日益增长的连接性和能源需求至关重要，&#34; BCG 的董事总经理兼合伙人 Alex Wright 表示，他是报告的共同作者。&#34;预计资本部署将在 2025 年加速，我们预见到一个更加动态的投资环境，特别是在人工智能驱动的基础设施、可再生能源和智能电网领域。&#34;</p>
<p>在此下载出版物：</p>
<p>https://www.bcg.com/publications/2025/investors-gain-advantage-asset-class-matures</p>
<p><strong>媒体联系人：</strong> Eric Gregoire</p>
<p>+1 617 850 3783</p>
<p>[email protected]</p>
<p><strong>关于波士顿咨询集团</strong> 波士顿咨询集团与商业和社会的领导者合作，解决他们最重要的挑战并抓住最大的机遇。BCG 成立于 1963 年，是商业战略的先驱。如今，我们与客户紧密合作，采用转型方法，旨在使所有利益相关者受益——赋能组织实现增长，建立可持续的竞争优势，并推动积极的社会影响。</p>
<p>我们多元化的全球团队拥有深厚的行业和职能专业知识，以及质疑现状并激发变革的多种视角。BCG 通过前沿的管理咨询、技术与设计以及企业和数字风险投资提供解决方案。我们在公司内部和客户组织的各个层级之间采用独特的协作模式，致力于帮助客户蓬勃发展，使他们能够让世界变得更美好。</p>
<p>来源：波士顿咨询集团（BCG）</p>
<p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjUwMzE3Jk5ld3NJdGVtSWQ9TkU0MTczNyZUcmFuc21pc3Npb25fSWQ9MjAyNTAzMTcwMDAxUFJfTkVXU19VU1BSX19fX19ORTQxNzM3?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjUwMzE3Jk5ld3NJdGVtSWQ9TkU0MTczNyZUcmFuc21pc3Npb25fSWQ9MjAyNTAzMTcwMDAxUFJfTkVXU19VU1BSX19fX19ORTQxNzM3"/></p>

<p>私募基础设施投资正在经历新的增长，管理资产达到创纪录的 1.3 万亿美元。波士顿咨询集团的报告强调了向数字基础设施等高增长领域的转变，这一转变是由人工智能需求驱动的。2024 年的募资增长了 14%，尽管仍低于 2022 年的水平。尽管整体交易量有所下降，但对能源、交通和物流等长期机会的乐观情绪依然存在。投资者正在调整策略，专注于运营效率和新的基金结构，以提升在成熟市场中的回报</p>

<ul>
<li><strong>Over the past 10 years, private infrastructure assets under management have more than quadrupled, to a record $1.3 trillion</strong></li>
<li><strong>Investor interest in digital infrastructure is growing with data center investments surging due to AI-driven demand</strong></li>
<li><strong>Funds are evolving their strategies, leveraging new investment structures and operational efficiencies to enhance returns in a maturing industry</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>在过去 10 年中，私募基础设施资产管理规模增长超过四倍，达到了创纪录的 1.3 万亿美元</strong></li>
<li><strong>投资者对数字基础设施的兴趣日益增长，数据中心投资因人工智能驱动的需求而激增</strong></li>
<li><strong>基金正在演变其策略，利用新的投资结构和运营效率来提升在成熟行业中的回报</strong></li>
</ul>
</div><p>, /PRNewswire/ -- Private investment in infrastructure is regaining momentum, according to the latest annual Infrastructure Strategy report by Boston Consulting Group (BCG). The report, <em>Infrastructure Strategy 2025: How Investors Can Gain Advantage as the Asset Class Matures</em>, details how the private infrastructure market, which has been navigating macroeconomic uncertainty and fluctuating deal volume, shows signs of stabilizing and remains a safe haven in volatile times.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- 根据波士顿咨询集团（BCG）最新发布的年度基础设施战略报告，私募基础设施投资正在重新获得动力。该报告《基础设施战略 2025：投资者如何在资产类别成熟时获得优势》详细说明了私募基础设施市场在经历宏观经济不确定性和波动的交易量后，显示出稳定的迹象，并在动荡时期仍然是一个安全的避风港。</p>
</div><p>Infrastructure assets under management continued to grow over the past year, reaching an all-time high of $1.3 trillion as of June 2024. Nevertheless, fundraising remains below its 2022 peak, reflecting lingering investor caution. Meanwhile, deal activity, although still below peak levels, is expected to increase as sponsors seek to exit investments and reinvest capital.</p>
<div class="lb-trans"><p>截至 2024 年 6 月，管理中的基础设施资产在过去一年继续增长，达到了创纪录的 1.3 万亿美元。然而，募资仍低于 2022 年的峰值，反映出投资者的谨慎情绪。同时，尽管交易活动仍低于峰值水平，但随着赞助商寻求退出投资并重新投资资本，预计交易活动将会增加。</p>
</div><p><strong>Investment Trends and Sector Insights</strong></p>
<div class="lb-trans"><p><strong>投资趋势与行业洞察</strong></p>
</div><p>The report highlights a shift in investor focus, with greater allocations to high-growth sectors such as digital infrastructure and energy transition. Data center investments, driven by AI and cloud computing demands, have been particularly strong, with a record $50 billion allocated to the sector in 2024, up from just $11 billion in 2020. Despite a slowdown in deal flow across most infrastructure asset classes, investors are optimistic about long-term opportunities in core sectors such as energy, transport, and logistics.</p>
<div class="lb-trans"><p>报告强调了投资者关注的转变，更多资金分配到数字基础设施和能源转型等高增长行业。受人工智能和云计算需求驱动的数据中心投资表现尤为强劲，2024 年该行业的投资创下 50 亿美元的纪录，而 2020 年仅为 110 亿美元。尽管大多数基础设施资产类别的交易流量放缓，投资者对能源、交通和物流等核心行业的长期机会持乐观态度。</p>
</div><p>&#34;Infrastructure remains a cornerstone of private investment strategies, offering stability and inflation protection in volatile markets,&#34; said BCG managing director and senior partner Wilhelm Schmundt, the firm's global lead for infrastructure investment and a coauthor of the report. &#34;As investors adjust to a maturing market, we see significant opportunities emerging in energy transition, digital infrastructure, and new investment structures designed to attract capital.&#34;</p>
<div class="lb-trans"><p>&#34;基础设施仍然是私募投资策略的基石，在动荡的市场中提供稳定性和通胀保护，&#34; BCG 的董事总经理兼高级合伙人 Wilhelm Schmundt 表示，他是该公司全球基础设施投资的负责人，也是报告的共同作者。&#34;随着投资者适应成熟市场，我们看到能源转型、数字基础设施以及旨在吸引资本的新投资结构中出现了显著的机会。&#34;</p>
</div><p><strong>Key Findings from the Report</strong></p>
<div class="lb-trans"><p><strong>报告的主要发现</strong></p>
</div><ul>
<li><strong>Fundraising Outlook.</strong> Infrastructure funds raised $87 billion in 2024—a 14% year-over-year increase from 2023, but still 43% below 2022 levels.</li>
<li><strong>Deal Volume and Value.</strong> Infrastructure transactions declined by 8% in 2024, following a 19% drop in 2023. However, large-scale deals in digital infrastructure and energy transition signal a potential rebound. The average deal size is trending below the 2023 mark and is 40% below the peak reached in 2021.</li>
<li><strong>Sector-Specific Trends.</strong> Although traditional energy investments remain essential, renewable energy and battery storage solutions continue to attract investor interest. AI-driven demand has made data centers one of the fastest-growing infrastructure asset classes.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>募资展望。</strong> 基础设施基金在 2024 年募资 870 亿美元，同比增长 14%，但仍比 2022 年水平低 43%。</li>
<li><strong>交易量和价值。</strong> 2024 年基础设施交易量下降 8%，继 2023 年下降 19% 之后。然而，数字基础设施和能源转型的大型交易预示着潜在的反弹。平均交易规模低于 2023 年的水平，且比 2021 年的峰值低 40%。</li>
<li><strong>行业特定趋势。</strong> 尽管传统能源投资仍然至关重要，但可再生能源和电池储存解决方案继续吸引投资者的关注。人工智能驱动的需求使数据中心成为增长最快的基础设施资产类别之一。</li>
</ul>
</div><p><strong>How Funds Are Adapting to the New Environment</strong></p>
<div class="lb-trans"><p><strong>基金如何适应新环境</strong></p>
</div><p>Infrastructure investors are refining their strategies to remain competitive in an evolving market. Key approaches include:</p>
<div class="lb-trans"><p>基础设施投资者正在完善他们的策略，以在不断变化的市场中保持竞争力。主要方法包括：</p>
</div><ul>
<li><strong>Industry Consolidation.</strong> M&amp;A is becoming a key tool for general partners. Some are scaling up into &#34;one-stop-shops&#34; for infrastructure investments across the entire asset class. Others are pursuing deals to strengthen their niche, geographic, or sector focus, reinforcing both broad-based and specialist strategies.</li>
<li><strong>Expanding Investment Mandates.</strong> Many funds are broadening their product options and are offering a range of infrastructure strategies with different risk/return profiles to their investors.</li>
<li><strong>Enhancing Operational Value Creation.</strong> Funds are adopting more active asset management strategies, leveraging technology, and improving efficiency to maximize returns.</li>
<li><strong>Exploring New Fund Structures.</strong> The rise of continuation vehicles, co-investments, and sector-specific funds is providing limited partners with more tailored investment opportunities.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>行业整合。</strong> 并购正成为普通合伙人的关键工具。一些公司正在扩大规模，成为基础设施投资的 “一站式服务” 提供商。其他公司则在追求交易以增强其细分市场、地理或行业焦点，从而强化广泛和专业的策略。</li>
<li><strong>扩大投资授权。</strong> 许多基金正在拓宽其产品选项，向投资者提供不同风险/回报特征的多种基础设施策略。</li>
<li><strong>提升运营价值创造。</strong> 基金正在采用更积极的资产管理策略，利用技术并提高效率以最大化回报。</li>
<li><strong>探索新的基金结构。</strong> 续存工具、共同投资和行业特定基金的兴起为有限合伙人提供了更多量身定制的投资机会。</li>
</ul>
</div><p><strong>Looking Ahead: Building for the Future</strong></p>
<div class="lb-trans"><p><strong>展望未来：为未来构建</strong></p>
</div><p>Despite near-term uncertainties, the report anticipates continued growth in infrastructure investment, particularly in sectors driven by AI and digital transformation. Governments worldwide are increasingly looking to private capital to bridge infrastructure funding gaps, fostering numerous co-investment opportunities.</p>
<div class="lb-trans"><p>尽管短期内存在不确定性，报告预计基础设施投资将继续增长，特别是在人工智能和数字转型驱动的行业。全球各国政府越来越依赖私营资本来弥补基础设施资金缺口，促进了众多共同投资机会。</p>
</div><p>&#34;Private investment will be critical to modernizing infrastructure and meeting the world's growing connectivity and energy needs,&#34; said Alex Wright, BCG managing director and partner, and a coauthor of the report. &#34;With capital deployment expected to accelerate in 2025, we anticipate a more dynamic investment landscape, particularly in AI-driven infrastructure, renewables, and smart grids.&#34;</p>
<div class="lb-trans"><p>&#34;私募投资对于现代化基础设施和满足全球日益增长的连接性和能源需求至关重要，&#34; BCG 的董事总经理兼合伙人 Alex Wright 表示，他是报告的共同作者。&#34;预计资本部署将在 2025 年加速，我们预见到一个更加动态的投资环境，特别是在人工智能驱动的基础设施、可再生能源和智能电网领域。&#34;</p>
</div><p>Download the publication here:</p>
<div class="lb-trans"><p>在此下载出版物：</p>
</div><p>https://www.bcg.com/publications/2025/investors-gain-advantage-asset-class-matures</p>
<div class="lb-trans"><p>https://www.bcg.com/publications/2025/investors-gain-advantage-asset-class-matures</p>
</div><p><strong>Media Contact:</strong> Eric Gregoire</p>
<div class="lb-trans"><p><strong>媒体联系人：</strong> Eric Gregoire</p>
</div><p>+1 617 850 3783</p>
<div class="lb-trans"><p>+1 617 850 3783</p>
</div><p>[email protected]</p>
<div class="lb-trans"><p>[email protected]</p>
</div><p><strong>About Boston Consulting Group</strong> Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.</p>
<div class="lb-trans"><p><strong>关于波士顿咨询集团</strong> 波士顿咨询集团与商业和社会的领导者合作，解决他们最重要的挑战并抓住最大的机遇。BCG 成立于 1963 年，是商业战略的先驱。如今，我们与客户紧密合作，采用转型方法，旨在使所有利益相关者受益——赋能组织实现增长，建立可持续的竞争优势，并推动积极的社会影响。</p>
</div><p>Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.</p>
<div class="lb-trans"><p>我们多元化的全球团队拥有深厚的行业和职能专业知识，以及质疑现状并激发变革的多种视角。BCG 通过前沿的管理咨询、技术与设计以及企业和数字风险投资提供解决方案。我们在公司内部和客户组织的各个层级之间采用独特的协作模式，致力于帮助客户蓬勃发展，使他们能够让世界变得更美好。</p>
</div><p>SOURCE Boston Consulting Group (BCG)</p>
<div class="lb-trans"><p>来源：波士顿咨询集团（BCG）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjUwMzE3Jk5ld3NJdGVtSWQ9TkU0MTczNyZUcmFuc21pc3Npb25fSWQ9MjAyNTAzMTcwMDAxUFJfTkVXU19VU1BSX19fX19ORTQxNzM3" alt="" original-src="https://rt.prnewswire.com/rt.gif?NewsItemId=NE41737&amp;Transmission_Id=202503170001PR_NEWS_USPR_____NE41737&amp;DateId=20250317"/></p>

00:01 ET
			
			
				Private Equity Infrastructure Investment Poised for Renewed Growth Amid Evolving Market Dynamics

- 私人基础设施资产管理规模已达 1.3 万亿美元，十年内增长超过四倍。  
- 投资者对数字基础设施的兴趣上升，数据中心投资在 2024 年达到 500 亿美元。  
- 尽管募资低于 2022 年峰值，基础设施投资仍被视为波动市场中的安全避风港。  

私募股权基础设施投资在不断变化的市场动态中有望重新增长