Big investors are trading private credit gains for infrastructure bets. Here's where else they're putting money.

Private credit's share of institutional portfolios has declined, with Canoe Intelligence reporting that only infrastructure saw net institutional inflows in Q4 2025. The update points to softer positioning in private credit relative to other alternatives, while infrastructure appears to be attracting comparatively stronger demand. The article is descriptive rather than event-driven, so the likely market impact is limited.

Analysis

Private credit's share of institutional portfolios has declined, with Canoe Intelligence reporting that only infrastructure saw net institutional inflows in Q4 2025. The update points to softer positioning in private credit relative to other alternatives, while infrastructure appears to be attracting comparatively stronger demand. The article is descriptive rather than event-driven, so the likely market impact is limited.