PitchBook：2025年常青不动产基金报告（英文版）

The convergence of several trends makes private real assets an appealing asset class for discussion: The historically stable return pattern of infrastructure is a key attraction for investors, strong structural drivers such as energy security and decarbonization support a positive long-term outlook for real assets, and the industry has responded to the demand for broader access to private investments through evergreen funds. We see real assets as a vital part of the larger story of evergreen