Institutional Investing in Infrastructure

April 1, 2022: Vol. 15, Number 4

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From the Current Issue

Infrastructure

A conversation with Alan Marks: Assessing the new U.S. National Electric Vehicle Infrastructure Program

In February 2022, the U.S. Departments of Transportation and Energy jointly announced a new National Electric Vehicle Infrastructure Formula Program (NEVI), allocating $5 billion in funding under the bipartisan infrastructure law enacted last November to build a nationwide EV charging network. The money will be dispersed over five years.

Infrastructure

Infrastructure strategic outlook 2022

Economic transition: As the global economy recovers, the effects of the pandemic continue to weigh on the outlook amid supply-demand bottlenecks, with the risk of new COVID-19 variants jeopardizing growth. Fiscal and monetary policy have played a central role in supporting the recovery but may have also increased vulnerabilities, with higher debt and asset prices contributing to an uncertain outlook for inflation, interest rates and return expectations in the medium term.

Infrastructure

ESG means business: Momentum is building toward turning metrics into outcomes

The arrival of ESG on the investment scene comes as little surprise — climate warning signs, a COVID pandemic, and carbon levels approaching 419 parts per million have a way of focusing one’s mind. Environmental, social and governance issues present investment risks — a fund manager’s approach to identifying and managing ESG risk is an increasingly important consideration for any new LP investment allocation.

Infrastructure

Global listed infrastructure: Essential news and notes

The GLIO Index of infrastructure companies fell in February (–0.4 percent) and year-to-date is down (–3.7 percent). Global equities finished February lower –2.5 percent (year-to-date –7.6 percent).

Infrastructure

U.S. infrastructure capital markets: Public and private equity, and public and private debt

The United States has gone through a multitude of infrastructure development stages over the decades, utilizing different mixes of financing. Originally, infrastructure in the United States was financed through direct government payments up until the past 20 to 30 years, and recently has relied more heavily on the public and private capital markets.

Infrastructure

A conversation with Joss Blamire with Drew Campbell

There is a clear trend of growth in infrastructure that supports the transition to a low-carbon future, such as renewable-energy projects. This is in line with increasingly ambitious government plans and a general societal demand to address climate issues.

Infrastructure

Fundraising report: Infrastructure roars back!

When we closed the Q3 2021 infrastructure fundraising report, we mentioned that if things kept up the way they were going, we would be talking about a record year in the Q4 2021 report. Well, here we are. More capital was raised by infrastructure private equity funds in 2021 than in any other year. And we didn’t just squeak by the old record. We blew it out of the water.

Infrastructure

Circular infrastructure: The key to decarbonization

The G20 Infrastructure Working Group has identified circular infrastructure as a key topic of their sustainable infrastructure agenda. Two key drivers for the G20 in relation to circular infrastructure include mitigating climate change and mitigating risk from resource scarcity.

Infrastructure

Checking it twice: Listed infrastructure may not be as glamorous as owning an airport or telecom towers, but it provides access to assets and diversity that private ownership cannot

The past year has been a rollercoaster of economic events, pandemic starts and stops, and an inflationary environment not seen in a generation, and now a war waging in Europe. Institutional investors wanting to create a balanced portfolio to meet those challenges have also been faced with twists and turns.

Infrastructure

Infrastructure investing in an inflationary environment

Current inflationary pressures have raised questions regarding the impact of rising prices on investment performance. The inherent characteristics of infrastructure make the asset class well-poised to weather such an environment.