For advisors building out their understanding of how private markets are reshaping wealth portfolios, the pace of that evolution presents both an opportunity and a responsibility.
The infrastructure opportunity – and EQT’s specific bet
According to Hamilton Lane’s survey, 46 percent of respondents named infrastructure as the strategy to which they plan to increase allocation in 2026, just behind venture capital and growth at 47 percent. But Aliprantis is quick to distinguish between different types of infrastructure exposure.
“EQT takes an active, private-equity-style approach to infrastructure, distinct from the traditional passive model of collecting yield from assets like toll roads, ports, and regulated utilities,” he said. “We’re typically investing in companies at an earlier phase of their lifecycle – what’s known as value-add infrastructure – meaning that we’re focused on growth, scale, operational improvement, and getting the right management in place.”
The clearest opportunity right now, in his view, is the infrastructure that underpins artificial intelligence such as data centers, renewable energy platforms, and fiber networks.
“We’re not betting on which platform wins, whether that’s Claude, ChatGPT, Gemini, or anyone else,” he said. “We’re focused on the underlying infrastructure that lets any of them exist.”