Infrastructure First. Everything Else Follows.
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Insights, updates, and perspectives from the DeltaBoxx team.
Private Equity · June 2025
After a cautious 2024, limited partners are re-engaging with private equity at pace. First-half 2025 global PE fundraising hit $420B — up 18% year-on-year — driven by renewed appetite for buyout and infrastructure strategies among sovereign wealth funds and large pension allocators.
Infrastructure · May 2025
The insatiable compute appetite of large language model training is reshaping infrastructure PE. Managers are deploying capital at scale into hyperscale data centres, power generation assets, and fibre networks — with deal values in the sector up 34% compared to the prior year.
Tokenisation · April 2025
Tokenised private credit, real estate, and treasury funds have collectively surpassed $10 billion in assets under management on public blockchains. Institutional adoption is accelerating as custodians and prime brokers build compliant rails for on-chain settlement of traditional assets.
Secondaries · April 2025
With distributions from buyout funds remaining muted, LPs are increasingly turning to the secondary market for liquidity. Q1 2025 secondary transaction volume reached $68B globally, a new quarterly record, with GP-led continuation vehicles accounting for nearly half of all activity.
Venture · March 2025
As the IPO window widens heading into late 2025, family offices and private wealth platforms are aggressively seeking allocations in late-stage technology companies. AI, defence tech, and climate infrastructure are the three sectors drawing the most competitive pre-IPO interest from sophisticated private investors.
Regulation · February 2025
The SEC's updated accredited investor rules now include individuals meeting professional knowledge and certification criteria — not just net worth thresholds. The change is expected to expand the addressable retail market for private equity funds by an estimated 15 million additional eligible US investors.