The Infrastructure Investor Podcast

In this episode, Bruno Alves, Infrastructure Investor’s editor-in-chief, sits down with Americas editor Zak Bentley.

They start with the latest Infrastructure Investor 100 ranking of the world’s largest managers, and analyse what it tells us about the evolving shape of the global infrastructure market. With a total of $1.2 trillion raised over the last five years, the numbers point to a strong recovery – but also highlight just how concentrated the industry has become, with a handful of large-cap managers commanding the lion’s share of capital.

They also unpack our latest quarterly data on fund performance, highlighting the dispersion between top- and bottom-quartile funds that challenges infrastructure’s reputation as a consistently defensive asset class.

Finally, they touch on how strategies are evolving to reflect the digital capex supercycle we find ourselves in.

In this special episode based on a keynote interview on 25 March at our Global Summit in Berlin – editor-in-chief Bruno Alves sits down with Marc Ganzi, chief executive of DigitalBridge.

The discussion touched on concerns about AI data‑centre obsolescence, with Ganzi comparing GPU refresh cycles to radio upgrades on cell towers. He also talked through the huge arbitrage opportunity for operators that control their own power, stressed the importance of tight contract discipline, and highlighted the hidden risks many new entrants tend to overlook.

Finally, Ganzi looked ahead to the next wave of demand, lifting the curtain on robotics and the rise of AI factories, outlining they will require another 500GW of compute over the next 10-15 years.

In this special episode – based on a keynote interview done on 24 March at our Global Summit in Berlin – editor-in-chief Bruno Alves sits down with Sean Klimczak, Blackstone’s global head of infrastructure.

As the world’s largest investor in data centres, a significant part of the discussion centred on how Blackstone is investing in the sector. Highlights included Klimczak’s call on the industry to move beyond a “do no harm” standard and add net benefits to the communities where data centres are built. He also spoke about how the data centre market will internationalise in 2026-27, with a particular focus on Asia-Pacific as a development hotspot.

Other talking points included Blackstone's role as a major investor in US utilities at a time of surging power demand; the risks of what Klimczack termed the “private equity-ification” of infrastructure, as the asset class’s boundaries expand; and why Europe is “for sale” and seen by Blackstone as a tremendous opportunity.

In this episode, editor-in-chief Bruno Alves sits down with Sadek Wahba, founder, chairman and managing partner of I Squared Capital.

Sadek returns to the podcast to tackle a broad range of subjects, including I Squared’s cautious approach to investing in the AI infrastructure boom, why he believes the markets are underestimating the risks and impacts of the Iran war, the role of energy security, resilience in infrastructure investing, the growing role of private wealth in infrastructure, and much more.

Infrastructure Investor’s Global Summit, our flagship gathering in Berlin, attracted around 3,500 members this March for a week of networking and agenda-setting discussions, where the digital revolution, energy transition and a wealth of other topics were analysed, parsed and dissected by some of the most significant players in the industry.

In this episode, PEI Group's head of special projects, real assets, James Linacre picks out key insights with senior members of Infrastructure Investor’s editorial team, including editor-in-chief Bruno Alves, deputy editor Kalliope Gourntis, Infrastructure Investor Deals editor Nathalie Tidman and PEI Group APAC editor Daniel Kemp.