Top 100 Infrastructure Investors 2026: Assets break $1trn barrier

The total infrastructure assets held by the world’s largest institutional infrastructure investors have gone beyond the trillion-dollar mark for the first time in the history of the annual IPE Real Assets Top 100 Infrastructure Investors report.

The aggregate value of infrastructure held by the top 100 has risen by close to 15% from $926bn (€802bn) last year to $1.07trn today. This means the asset class has nearly tripled in size since the ranking began in 2017, when aggregate assets stood at $360bn. The growth rate appears to have returned to a level last seen in 2023 – following a slowdown over the past two years when assets grew by 11% in 2024 and 8% in 2025.

The annual ranking covers pension funds, sovereign wealth funds, insurers and other institutional capital owners. It was based on IPE Research survey, Rainmaker and publicly available information, predominantly in the form of annual reports. Where accurate numbers were not available, estimates have been made. Some investors have not been included because of a lack of information.

The ranking is led by Ontario-based Canada Pension Plan Investment Board (CPP Investments), Canada’s largest pension fund. CPP Investments has been visibly active in infrastructure markets recently – most notably in India, where it committed to invest up to INR70bn (€640m) in Indian data centres with local operator CtrlS and another commitment to India’s National Investment and Infrastructure Fund (NIIF). CPP Investments is investing with NIIF alongside several other investors that make up this year’s top 10, including Abu Dhabi Investment Authority (ADIA) and AustralianSuper. The top 10 investors own $436bn between then – more than 40% of the entire top 100 and more than the entire top 100 in 2017.

Second in the ranking is a fellow Canadian, Quebec-based La Caisse. The rest of the top 10 include German insurer Allianz, South Korean National Pension Service, Dutch pension fund asset manager APG, UK insurer Legal & General, and two other Canadian institutional investors – British Columbia Investment Management Corporation and OMERS. 

Top 100 Infrastructure Investors 2026 rankings

_{Footnote: (1) CPP Investments now includes power and energy assets when reporting the value of its real assets portfolio. In previous years these were reported as part of its private equity and public equities portfolios.}