KKR: Parts of AI market running ‘a bit hot’ in one of tech’s fastest capex cycles
In this episode, editor-in-chief Bruno Alves sits down with Waldemar Szlezak, KKR’s global head of digital infrastructure.
In a wide-ranging discussion, they address whether there's a bubble forming around AI infrastructure and why parts of the market are overheating during one of the fastest capex cycles in tech history. They then explore the lifespan of data centre infrastructure compared to the rapid obsolescence of the GPUs that power it, touch on the industry's “coordination tax”, examine KKR's molecule to the rack strategy, and much more.
We're going to be talking about digital infrastructure a lot at the Infrastructure Investor Global Summit, taking place in Berlin from the 24th to the 27th of March 2026. We have an early bird deadline offer expiring on the 12th of December, which you should definitely consider. So don't miss your chance to lock in discounted registration and join over 3,000 infrastructure decision makers – including 1,000 LPs from 50 plus countries – at the iconic STATION Berlin.
--------
32:42
--------
32:42
What's driving Asia-Pacific's infra markets?
In this episode, Daniel Kemp, APAC editor, private markets, for PEI Group and APAC real assets reporter Tom Taylor reflect on our recent Infrastructure Investor Network Australia Forum, in Melbourne, and other Asia-Pacific events held this year.
The discussion covers a wide range of topics, including how geopolitics is shaping investment decisions across the region; AI and digital infrastructure’s thematic dominance, with massive demand for data centres driving investment not only in developing markets but also in Southeast Asia; the headwinds Australia is facing, with foreign investor frustration over new tax rules, and renewables stagnation; the maturation of Japan’s investor base, with LPs starting to make more direct fund commitments; the importance of relationship-driven capital, and much more.
--------
22:10
--------
22:10
Inside infra’s biggest fundraising year
In this episode, Infrastructure Investor editor-in-chief Bruno Alves sits down with Americas editor Zak Bentley to talk about the record fundraising year the asset class is having for unlisted, closed-end structures.
With $200 billion raised during the first nine months of the year – and a further $30 billion added to that since we published our fundraising report – 2025 has handily surpassed the heady years of 2021-22. What’s more, with one quarter to go, expect fundraising to climb to hitherto unimaginable heights.
Our discussion, then, hinges on how we got to this extraordinary moment for the asset class, what’s behind the headline figures, the continuing importance of time on the road in shaping the market, what fundraising in future years could look like, LP appetite and more.
--------
21:32
--------
21:32
Forging ahead with sustainability against political headwinds
This episode is sponsored by Fengate Asset Management and Arcus Infrastructure Partners
As a backlash against ESG gathers strength, particularly in the United States, it might be reasonable to assume that infrastructure managers are quietly retreating from their sustainability commitments.
While it is true that some managers are adjusting their language in how they talk about ESG and sustainability, we find that others are still eager to emphasise their importance to the asset class.
In this episode, Della Wang, director for responsible investment at Fengate Asset Management, and Neil Krawitz, partner and head of ESG and asset management at Arcus Infrastructure Partners, discuss how managers need to take a long-term view when it comes to sustainability. They agree that a key focus now needs to be on adaptation, as climate change forces managers to confront the reality of more frequent and extreme weather events.
--------
25:50
--------
25:50
How to capitalise on transport’s mega-trends
This episode is sponsored by Antin Infrastructure Partners
The infrastructure market is constantly evolving, with technological advancements, environmental concerns and shifting economic and demographic trends bringing significant changes to the transport sector. So staying on top of a series of mega-trends – such as decarbonisation and digitalisation – can unearth exciting investment opportunities.
This episode focuses on key trends in the space and how investors can take advantage of them. Angelika Schöchlin, managing partner at Antin Infrastructure Partners, and Simon Soder, senior partner and head of the firm’s London office, cover everything from safety management infrastructure and high-speed rail to salmon farming, underlining the dynamic set opportunities within the transport sector.
The Infrastructure Investor Podcast delves into the latest trends in private infrastructure investment, bringing you insightful interviews with many of the industry’s most influential leaders, as well as original analysis from our award-winning team of journalists.
Brasil