Updated October 2026

Real estate, infrastructure, energy and other hard-asset managers.

The Largest Real Assets and Infrastructure Managers

176 firms on this list · showing the ten largest · ranked by regulatory assets under management on Form ADV

  1. 1

    Brookfield

    Brookfield entity investing in infrastructure, real estate, renewables, private equity and credit.

    brookfield.com
    $152.1Breg. AUM
  2. 2

    Global Infrastructure Partners

    Infrastructure investor in energy, transport, digital and water assets; now part of BlackRock.

    global-infra.com
    $142.2Breg. AUM
  3. 3

    Nuveen

    Alternatives arm of Nuveen investing in real estate, infrastructure, farmland and private capital.

    no verified site
    $141.4Breg. AUM
  4. 4

    Blackstone

    Blackstone's real estate investment arm, acquiring commercial property globally.

    blackstone.com
    $130.7Breg. AUM
  5. 5

    Principal Financial Group

    Real estate investment arm of Principal, managing equity and debt property strategies globally.

    principalam.com
    $105.6Breg. AUM
  6. 6

    Brookfield Asset Management

    Global alternative manager focused on infrastructure, renewable power, real estate, private equity and credit.

    brookfield.com
    $105.3Breg. AUM
  7. 7

    Cohen & Steers

    Asset manager specializing in listed real estate, infrastructure and other real assets.

    cohenandsteers.com
    $85.7Breg. AUM
  8. 8

    Stonepeak

    Alternative manager investing in infrastructure and real assets including transport, energy and digital.

    stonepeak.com
    $81.9Breg. AUM
  9. 9

    Starwood Capital Group

    Global private investment firm focused on real estate equity, debt, hotels and energy infrastructure.

    starwoodcapital.com
    $79.2Breg. AUM
  10. 10

    Blue Owl Capital

    Blue Owl's real estate arm investing in net lease properties leased to investment-grade tenants.

    blueowl.com
    $67.9Breg. AUM

How this list is built

The number

Regulatory assets under management as disclosed on Form ADV, filed with the SEC. Each filing is public.

Where a firm sits

Firms are placed by the strategy they are principally known for. A manager filing several entities appears once, at its largest.

What is excluded

Banks, brokerages, index managers and wealth advisers. Their assets are a different measure and ranking them beside a fund’s regulatory assets would be meaningless.

Links

Every website is checked as the firm’s own site before publication. Where we cannot confirm one, we print no link rather than a guess.

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