Growing capital needs for the buildout of digital and energy infrastructure, along with increasingly constrained traditional capital sources, have created ample opportunities for private credit in infrastructure, according to Blackstone’s Rob Horn.

“If you look at the public markets, they’re very good at providing effectively liquid debt and equity, usually with several intermediaries in a very standardized format,” Horn, Blackstone’s Global Head of Infrastructure and Asset Based Credit, said on Infralogic’s Crossroads podcast. “What we’re doing is we are going right up to the borrower, what we call our farm to table business model. We’re providing customized solutions.”

Horn expects the rapid buildout of data centers, and the massive capital needs to back it, to continue. Renewable growth, he added, will not slow down, despite the removal of some subsidies when President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) this summer.

“If you look at bringing on near term power, you can still bring on a solar project in 12 to 18 months,” he said. “And you compare that to five years for a gas-fired power project, I think that’s one of the major reasons you will continue to see significant growth in the renewable markets.”

To listen to the podcast, click here.