Insights

Private asset markets are facing growing scrutiny over how investments are valued and how accurately those valuations reflect underlying economic reality. Here, we briefly examine four important questions around valuation: how private assets are valued, whether appraisal-based valuations adequately capture risk, how regulation is evolving, and what realised exits tell us about the accuracy of reported values. When valuation creates

The EDHEC Infrastructure & Private Assets Research Institute (EIPA) has submitted comments to the International Public Sector Accounting Standards Board (IPSASB) on Exposure Draft (ED) 94, Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014 (Amendments to IPSAS 22). EIPA’s comments draw on research into government accounting for public-private partnership (PPP) guarantees and contingent liabilities, and the role

The EDHEC Infrastructure & Private Assets Research Institute (EIPA) has submitted a detailed response to the Australian Treasury Consultation Paper released in May 2026 seeking feedback on a number of proposals to strengthen the superannuation performance test. EIPA’s submission, which focuses primarily on the benchmarking treatment of private assets, is summarised below. Key points EIPA welcomes the opportunity to respond to

The EDHEC Infrastructure & Private Assets Research Institute (EIPA) has submitted detailed comments to the US Department of Labor on Fiduciary Duties in Selecting Designated Investment Alternatives (RIN 1210-AC38). As private market access continues to expand, ensuring that investment decisions are supported by credible, comparable and evidence-based measures remains essential for long-term investor protection and sound fiduciary oversight. In its

Infrastructure is sold as an inflation hedge. The pitch is intuitive: toll roads, utilities, and other essential assets often have revenues explicitly linked to consumer prices. When inflation rises, so do tariffs. The asset should therefore preserve real purchasing power for investors, offering protection that bonds and equities cannot. Toll roads are frequently cited as the clearest example. Unlike regulated

From energy transition to digital infrastructure: how private infrastructure is reshaping the playing field of risk, appreciation and opportunities for institutional investors. Infrastructure is developing faster than ever. The boundaries between traditional and new infrastructure assets are shifting due to the energy transition, digital connectivity and changing regulation. What once seemed like a relatively stable, contract-driven asset class today requires