At the seventh annual TMT Finance USA 2025 conference, New York banking head Steven Messina moderated the panel “Financing Leaders: Alternative Financing Structures & Funding the Next Wave of Deals.” The panel explored how alternative capital sources are powering the next generation of digital infrastructure transactions. Topics included the evolving risk/return profiles across private equity, infrastructure and real estate funds, the rise of co-investing and club deals, the resilience of digital infrastructure valuations amid growth-driven optimism and other topics.