Key Takeaways
- • Infrastructure Investor's Debt 30 ranks the top private credit firms by capital raised for infrastructure debt strategies, using PEI Group's GP ranking methodology.
- • The ranking counts capital raised for private markets funds that held a final close between 1 January 2021 and 31 December 2025, plus capital for funds actively fundraising at the end of the period.
- • Only closed-end, blind-pool funds with full GP discretion investing solely in private assets qualify; funds of funds, deal-by-deal raises, and fund leverage are excluded.
- • Eligible strategies span infrastructure debt across brownfield and greenfield assets, from core to opportunistic, with the source article providing the methodology rather than individual firm totals.
Summary
Infrastructure Investor, in partnership with PEI Group, has published its Debt 30 ranking of the leading managers in infrastructure debt, as presented on privatedebtinvestor.com. The article provided in the source material focuses on the methodology behind the rankings rather than naming individual firms or capital totals, so the specific league table positions and fundraising figures are not available from this text.
According to the methodology, PEI Group's GP rankings are based on the amount of capital raised for private markets funds that reached a final close between 1 January 2021 and 31 December 2025, along with capital raised by funds still in market at the end of the counting period. Commitments made after the period ends, as well as targets or expected commitments, are not counted. For open-end funds launched before the counting period began, only capital raised entirely within the five-year window qualifies.
The ranking applies strict eligibility criteria. Only closed-end funds in which the manager has full discretion from selection through exit are accepted, and only blind-pool structures where limited partners cannot make investment decisions or hold liquidity options before the end of the fund life without GP approval. Funds must invest solely in private assets. GP commitments for alignment may be included, while affiliated-entity capital and fund-level leverage are excluded. Funds of funds and recycled or rolled-over capital are not counted.
Co-investment vehicles and separately managed accounts may be counted if they meet the same criteria or serve as an extension of a main fund's fundraise by investing alongside a selection of its portfolio assets. Deal-by-deal fundraises are excluded.
The infrastructure debt category covers debt tied to tangible, physical assets expected to generate stable, predictable cash flows over long-term horizons. This includes lending to brownfield and greenfield projects and spans core to opportunistic strategies.
According to the methodology, PEI Group's GP rankings are based on the amount of capital raised for private markets funds that reached a final close between 1 January 2021 and 31 December 2025, along with capital raised by funds still in market at the end of the counting period. Commitments made after the period ends, as well as targets or expected commitments, are not counted. For open-end funds launched before the counting period began, only capital raised entirely within the five-year window qualifies.
The ranking applies strict eligibility criteria. Only closed-end funds in which the manager has full discretion from selection through exit are accepted, and only blind-pool structures where limited partners cannot make investment decisions or hold liquidity options before the end of the fund life without GP approval. Funds must invest solely in private assets. GP commitments for alignment may be included, while affiliated-entity capital and fund-level leverage are excluded. Funds of funds and recycled or rolled-over capital are not counted.
Co-investment vehicles and separately managed accounts may be counted if they meet the same criteria or serve as an extension of a main fund's fundraise by investing alongside a selection of its portfolio assets. Deal-by-deal fundraises are excluded.
The infrastructure debt category covers debt tied to tangible, physical assets expected to generate stable, predictable cash flows over long-term horizons. This includes lending to brownfield and greenfield projects and spans core to opportunistic strategies.
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