When the final chapter of the COVID-19 crisis as it relates to infrastructure investing is written, perhaps the most important takeaway will be this: This asset class, more than most, shows us that partnership between the public and private sectors is essential. A society’s resilience depends on shared ambitions and responsibilities and this is evident in the infrastructure sectors.

Strip away a society to its basics — food, water, shelter, energy, health and connection — and you have the infrastructure asset class. For all the dislike of clichés — overuse, trite, easy — they are cliché for a reason; they are true. The meaning of the saying that is heard so often, “infrastructure is the backbone of society,” has become plainly obvious during the COVID-19 crisis — keeping these services up and running has been the challenge of infrastructure investors, managers and operators and their public sector partners.

In Denmark, Cube Infrastructure Managers own