Infrastructure has become one of the most dynamic segments of private equity, expanding beyond traditional categories into areas such as energy transition and digital infrastructure. This panel will explore what differentiates infrastructure from other categories, how LP expectations are evolving, and how competitive pressures shape deal structures and exits. Speakers will discuss the latest developments in the sector, including how investors and advisers are approaching risk allocation, financing structures, and cross-border regulatory hurdles. With case studies drawn from recent transactions, the panel will also highlight practical lessons relating to valuations, consortium and management agreements and diligence and W&I.