Insights

Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

Featured image for “New EDHECinfra study shows that ‘peak infra’ may be behind us”

New EDHECinfra study shows that ‘peak infra’ may be behind us

Jan. 30, 2019
New EDHECinfra research documents the factors behind the evolution of unlisted infrastructure prices over past 15 years. Common risk factors found in numerous asset classes explain the evolution of unlisted infrastructure secondary market prices. That’s the finding of a new paper drawn from the EDHECinfra /LTIIA Research Chair. Interestingly, the paper also shows that that, after a long period of

Infrastructure: Calling time on borrowed definitions

Dec. 12, 2018
This blog was originally published in IP&E Real Assets. It’s time to stop saying apples are just round pears Infrastructure as an asset class has evolved over the past decade at a speed that has brought its own challenges. One of those is taxonomy. As it has expanded and grown in popularity, it has borrowed classifications and definitions from private
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Does Europe need a new model for private roads?

Sep. 10, 2018
Over-charging and under-investment: is the model broken? Private investment in European roads is under fire once more. The typical charge against the ubiquitous motorway concessions crossing France, Italy or Spain is that, as quasi-monopolies, they have a nasty tendency to under-invest and over-charge. This assertion is taking on new meaning as road infrastructure ages, and lack of sufficient maintenance and
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Three routes to maximizing infrastructure finance for development

May. 23, 2018
There are big hurdles in place right now The industry needs to promote better standards, methods and benchmarking. That’s the only way to remove the hurdles that are preventing institutional capital from flowing into infrastructure. Institutional investors have become increasingly interested in infrastructure investment in recent years, in search for new sources of returns, diversification, duration and inflation hedging. However,
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Bad procurement creates systematic risk for infrastructure investors

Mar. 06, 2018
Singapore, 10 April 2018 – A case study of 10 Spanish toll road projects shows that ill-designed procurement can lead to pro-cyclical infrastructure investment risk and significant losses for private investors. EDHEC Infrastructure Institute – an academic research organisation building performance benchmarks for investors in private infrastructure – shed new light on the risks encountered in infrastructure project investment with
Featured image for “An industry standard for the infrastructure asset class”

An industry standard for the infrastructure asset class

Feb. 06, 2018
From ad hoc to world class Today infrastructure investors use ad hoc benchmarks for unlisted infrastructure investment. They know that’ snot good enough. At EDHECinfra, we are establishing an industry standard for the infrastructure asset class. And we’ve made significant process. We are establishing a framework for data collection and developing asset pricing techniques to measure the risk adjusted performance