Institutional Investing in Infrastructure

May 1, 2022: Vol. 15, Number 5

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From the Current Issue

Infrastructure

The ever-evolving definition of infrastructure: Over the past 10 years, the nature of infrastructure investing and how it is defined has changed. Are investors changing with it?

In an inflationary era, with rising interest rates and a war waging in Europe, investors can be forgiven for questioning their conventional methods and definitions of investments within their portfolios. Many investors, even before the economic turmoil of a pandemic, were already anticipating market corrections and, according to a McKinsey & Co. article titled Institutional Investing in the Time of COVID-19, they were embracing risk-factor approaches to portfolio construction.

Infrastructure

IITs an opportunity to expand the universe: Recent M&A activity in Australia puts IITs in the spotlight as a way of expanding the listed infrastructure universe in the future

2021 saw private bidders enter the Australian listed market, snapping up long-standing essential infrastructure companies. AusNet Services, Spark Infrastructure and Sydney Airport headed into the confines of private hands and out of the larger public domain.

Infrastructure

Strategies for many seasons: The benefits of secondary transactions, continuation vehicles and open-end funds

The market for investing in infrastructure has matured considerably during the past 15 years. It used to be that closed-end funds were the primary way to access infrastructure businesses and assets, and while they still garner most of the attention, the market for other strategies to serve infrastructure investors is growing, giving investors more options to build and manage portfolios.

Infrastructure

The outlook for private infrastructure debt: Resilient credit performance despite COVID-19

Economic recovery and decarbonization: As the global economy rebounds, the effects of the pandemic continue to weigh on the growth outlook. Fiscal and monetary policy continue to play a central role in supporting the recovery from COVID-19.

Infrastructure

Global listed infrastructure: Essential news and notes

The GLIO Index of infrastructure companies advanced strongly in March (7.1 percent) and for the year-to-date is up 3.1 percent. Global equities finished March higher 2.8 percent but year-to-date is down by 5 percent.

Infrastructure

Infrastructure 101: A guide to white papers, articles and reports focused on the basics of infrastructure and infrastructure investing

In 2022, global assets under management for infrastructure investments will reach a record high of $950 billion. And as the number of infrastructure investors increases, strategic questions grow in importance. How should investors select their exposures to different segments of the infrastructure universe?

Infrastructure

How P3s will help deliver projects under the U.S. infrastructure package: Resilient credit performance despite COVID-19

Washington Metropolitan Area Transit Authority’s community solar project is a case study for how innovative funding could help deliver public infrastructure projects expected to come to fruition under the $1.1 trillion U.S. infrastructure package.

Infrastructure

Infrastructure finding itself: Evolving as an asset class, infrastructure is in its awkward teen years

It has been discussed in various meetings we host, whether our i3 Virtual Roundtables or at the i3 Editorial Advisory Board meeting in December, that infrastructure, as an institutional asset class, is akin to a teenager. Rapidly growing. Awkward at times. Trying to find itself. And while teenagers (and infrastructure) can be frustrating, you still love them.